JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

Bush to Order End to Barriers Preventing Energy Growth

LCG, May 17, 2001President Bush will order federal agencies to scrap bureaucratic obstacles to development of gas, coal and nuclear power plants and propose opening federal lands to oil and gas exploration when he delivers his administration energy policy in St. Paul, Minn. today.

The 163-page document, which the president will describe in a speech at a power plant, will be simultaneously released by the White House, but elements of the plan were made public yesterday.

The energy policy, developed under the leadership of Vice President Dick Cheney, will also offer about $10 billion worth of tax credits over the next 10 years to encourage energy conservation, the use of renewable sources of power and the development of alternative-fuel automobiles.

The weight of the report seems to be to encourage rapid development of new electric power plants. "Recent and looming electricity blackouts in California demonstrate the problem of neglecting energy supply," said a portion of the report made available yesterday. "A fundamental imbalance between supply and demand defines out nation's energy crisis."

Bush will ask the Nuclear Regulatory Commission and other agencies to examine whether spent fuel from nuclear power plants can be reprocessed so that the radioactivity that makes it dangerous can be used to generate power. The technique, used in other nations, was abandoned in the U.S. over irrational fears that irresponsible processors would use the technology to produce weapons grade plutonium.

The president will also the Environmental Protection Agency to re-examine its position that conventional power plants undergoing maintenance need new air pollution permits. The EPA contends that utilities upgraded coal-fired plants in the Midwest without seeking permits, while the companies say they were simply keeping the old plants running. The Justice Department will review whether to continue EPA lawsuits over the issue.

Bush's plan will also recommend $2 billion be spent over 10 years on clean coal technology.

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