Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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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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Industry News

PG&E Asks California High Court to OverturnCPUC Decision on Funding for Water Agency

LCG, Sept. 11, 2001--Pacific Gas & Electric Co. has asked the California Supreme Court to overturn the California Public Utilities Commission's March 27, 2001 decision requiring the utility to pay the Department of Water Resources 9.471 cents per kWh on an interim basis prior to the implementation of DWR's revenue requirement.

PG&E had asked the CPUC for a rehearing of its decision on April 30 and the regulators denied the request on August 8.

In its Court filing the company argued, "In order to ensure that the recovery of DWR's power costs is fair and equitable to both electricity consumers and the state's electric utilities, (the law) establishes two mechanisms, and two mechanisms only, for DWR to obtain funds from consumers and the utilities to pay for its power purchases."

The first of the two must take into account the portion of the utilities' existing rates needed to cover their own costs of service, PG&E said, and the second is the DWR's "revenue requirement," which must be submitted to the CPUC and which is recoverable in customers' bills only if it has been determined to be 'just and reasonable' under the Public Utilities Code.

The company thinks being required to pay $94.71 per megawatt-hour when the market currently prices power closer to $35 per megawatt-hour is neither just nor reasonable.

In its filing, PG&E said "The CPUC has exceeded the scope of its authority, failed to proceed in the manner prescribed by (the law), and abused its discretion, and therefore this Court should grant review of and annul the DWR Decisions."

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