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.

Read more

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.

Read more

Industry News

Lawmakers Put SoCal Ed 'Bailout' on Hold

LCG, July 27, 2001The lower house of the California legislature won't call its members back from vacation to vote on legislation to "rescue" Southern California Edison Co. from bankruptcy, making it certain that an August 15 deadline will not be met.

When California Gov. Gray Davis earlier this year forged a deal with SoCal Ed for the state to buy its transmission system for $2.76 billion, he and the utility agreed that the deal must be done by August 15, and lawmakers are not scheduled to return to work until August 20.

Also, at the time the governor struck his bargain with the company, both parties said the final legislation enabling the transaction could not vary significantly from the agreement between Davis and SoCal Ed.

The state Senate has approved one measure containing substantial differences from the original deal but the Assembly has yet to vote on a bill. Yesterday, Assembly leaders still in Sacramento decided that no proposal was ready to be voted on by the full house.

"We made some good progress this week, but we've not finished the work," said Paul Hefner, spokesman for Assembly Speaker Robert Hertzberg, D-Van Nuys.

Assemblyman Fred Keeley, D-Boulder Creek, the Assembly's point man on the energy crisis, said "We decided we would do well to use the time of the summer recess to work with the Senate and administration on a plan."

Keeley said Assembly members were skeptical of claims that the utility would be thrown into bankruptcy if the lawmakers did not meet the deadline. "Their position is still perilous, but it's better than it has been in a while," he said.

Davis was clinging to his deadline, however, and said yesterday that he planned to talk to legislators about working this coming weekend to make sure a bill could be voted on before August 15.

"I have one goal with Edison, and that's to make it credit-worthy so it can purchase energy," Davis told reporters after a speech in San Ramon to the Contra Costa (County) Council, a business and industry group.

SoCal Ed is insolvent, having run up about $3.5 billion in debt purchasing power at market prices and selling it to its retail customers at far lower prices mandated by California's failed experiment with electric industry deregulation.

Now, some of the power producers who are owed money by the utility are concerned about parts of proposed legislation that would allow SoCal Ed to work with the state's new power authority to build new power plants.

The California Consumer Power and Conservation Financing Authority, created by legislation which was signed by Davis in May, has yet to be set up, but will have the authority to issue up to $5 billion in revenue bonds to build, purchase, lease or operate power plants.

Some of the generators are worried that SoCal Ed would be able to build new plants using the power authority's $5 billion as backing.

"There needs to be equal footing with any project. You can't favor one over another," said Tom Williams, spokesman for Duke Energy.

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service