AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

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Industry News

PG&E Sues State over Seized Contracts

LCG, July 18, 2001Pacific Gas & Electric Co. yesterday sued the state of California seeking reimbursement for million of dollars worth of electric power contracts seized by Gov. Gray Davis on January 31.

Davis, citing his emergency powers, seized the contracts because he feared PG&E, which subsequently filed for protection under Chapter 11 of the bankruptcy laws in April, would liquidate them to raise money to help pay its debts.

The now-defunct California Power Exchange, through which all state power transactions were made, also wanted to seize the contracts because the utility owed it money.

The governor's office agrees that the state owes PG&E for the contracts, but no one knows how much those contracts are worth. When they were taken, the state estimated their value at $160 million, but the power exchange thought they were worth $347 million.

Because the contracts call for delivery of electricity to the utility at prices lower than the current market price and considerable more lower than the price at the time they were seized it is difficult for anyone to place a value on them. Davis wants a judge to determine their value.

Steve Maviglio, speaking for the governor, said "We seized the contracts to have reasonable priced power and expected that price to be set in a neutral forum."

In its suit, filed at Superior Court in San Francisco, PG&E said it "has received no compensation for the damage to its property."

PG&E spokesman Ron Low said the company believes "the state has benefited from the value of our contracts, and as a result we should be compensated."

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