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

Two SoCal Ed Bills ClearCalifornia Assembly Panel

LCG, July 19, 2001The California state Assembly Energy Cost and Availability Committee came to a fork in the road last night and took both routes, voting in favor of two widely divergent measures aimed at providing cash to nearly-bankrupt Southern California Edison Co.

The panel voted 11-9 in favor of a bill that would pay SoCal Ed $2.4 billion for its transmission assets. The measure also relies on power producers to reduce their claims against the utility for unpaid bills by 30 percent.

Critics of the bill complain that it is too complicated and say it might be better to let SoCal Ed join Pacific Gas & Electric Co. in bankruptcy court. But proponents counter that keeping the utility out of bankruptcy is crucial to getting the state out of the power purchasing business.

Democrat Assemblyman Fred Keeley of Boulder Creek conceded the measure was complicated but said lawmakers sometimes have to deal with messy situations. "If this was easy, or if this was simple, we wouldn't call it a crisis," he said before the vote. "This is far beyond a problem or a policy that we can debate and as a consequence the solutions are neither simple or easy."

Late last night, the Assembly Appropriations Committee approved the bill 12 to 6, and it could come to a floor vote as early as today.

A second bill that cleared the Assembly committee by a 12-3 vote was described by its author, Los Angeles Democrat Rod Wright, as a "straight bailout." The state would back a $3.5 billion SoCal Ed bond issue and be repaid through a $2 per month charge on customer bills.

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