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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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PG&E and Tesla Commence Construction on the Moss Landing Battery Energy Storage System

LCG, July 30, 2020--PG&E and Tesla have commenced construction of the 182.5-MW lithium-ion battery energy storage system (BESS) at PG&E's electric substation in Moss Landing in Monterey County, California.

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Industry News

Pennsylvania Okays GPU-First Energy Merger

LCG, May 25, 2001-- Pennsylvania utility regulators Thursday gave conditional approval to aproposed merger of GPU Inc. with Ohio-based First Energy Corp., but postponed a decision on GPU's request to raise rates, the Pennsylvania Public Utility Commission said yesterday.

The commission voted 5-0 to approve the merger and then voted 4-1 to convene a "collaborative meeting" between the parties, to begin Tuesday and conclude no later than June 20. The commission said it would issue a final order by July 13, no matter what the collaboration produces.

The regulators attached conditions to their approval, Commissioner Terrance J. Fitzpatrick said. The combined company must agree to refrain from charging customers for costs associated with the deal or withdrawing transmission assets from the power grid that serves Pennsylvania.

The commission also required the companies to submit a detailed plan of anticipated job cuts within 60 day of the effective date of the merger to ensure that GPU's Pennsylvania employees do not pay the major price for "synergies" produced by the combination.

The new company formed by the merger will stretch from Ohio to the Jersey shore, will serve about 4.3 million customers and have annual revenue of around $12 billion.

GPU had sought a rate increase to offset the rising cost of wholesale power, even though it had agreed to a rate freeze through 2008 in earlier deregulation negotiations.

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