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

SoCal Ed Will Wait for Lawmakers to Return

LCG, July 30, 2001Southern California Edison Co. said on Friday that it will cut a little slack to California lawmakers and wait for the state legislature to return from its summer vacation, rather than sticking to its August 15 deadline for legislation to permit the state to purchase its transmission assets.

When California Gov. Gray Davis and the utility negotiated a deal for the state to pay $2.76 billion for the utility's transmission system early this year, they set the deadline and have insisted it must be adhered to..

Now, officials of SoCal Ed say they will use the time between now and August 20, when the legislature will reconvene, to work with the governor's office, legislative staff and regulators to put together a plan for the lawmakers to consider when they are refreshed from a month's vacation.

Three measures, one in the state Senate and two in the Assembly, were in various degrees of sinking when the legislature adjourned for its summer recess. All contained wide diversions from the deal put together by the company and the governor.

Legislation adopted last week by the state Senate did not provide for the purchase of the transmission lines, though it would provide state backing for up to $2.5 billion in bonds to be issued by SoCal Ed. A company official said that some provisions of that bill "simply don't work well, don't work at all." The Assembly adjourned without having taken a vote on any sort of plan.

Now, the company appears ready to give the legislature another chance to get the arrangement with Davis right.

On Friday, Ted Craver, chief financial officer of the utility's parent company, Edison International Inc., said in a conference call with some SoCal Ed creditors "As long as we see a significant and good faith effort to get that resolved, we have a preference to put all of our efforts to that."

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