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

Williams Files $591 Million Claim in PG&E Case

LCG, Sept. 4, 2001--The Williams Cos. of Friday filed a claim in U.S. Bankruptcy Court for $591 million against pacific Gas & Electric Co. for power sold to the utility through the California independent System Operator and the now-defunct California Power Exchange.

Company officials said the claim reflects the maximum amount PG&E could owe Williams for but that some portion of the $591 million claim may be found to be the responsibility of SouthernCalifornia Edison Co.

Williams sold power through the CA ISO and Cal PX and they hold the sales figures that can be attributed to PG&E and SoCal Ed. What Williams does know is it sold power to the CA ISO for $557,654,670 and $32,705,539 to the Cal PX. One invoice of power sold directly to PG&E for $747,900 is also included in the claim.

"The $591 million claim represents our gross receivables through April 6 and the amount we arerequired to file to ensure that the courts have a full picture of the monies owed to Williams as bankruptcy proceedings filed by PG&E last April progress," said Steve Malcolm, president of Williams' energy services unit.

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