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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

Davis' Maviglio Another Calpine Shareholder

LCG, July 31, 2001Just days after California Gov. Gray Davis' administration announced the sacking of five consultants for owning stock in Calpine Corp. and other energy producers, it turns out that the man who does the governor's announcing is a shareholder of Calpine and Enron Corp.

Steve Maviglio, the governor's spokesman, acknowledged yesterday that he had purchased 300 shares of Calpine on June 20, after instructing his broker on May 31 to buy the stock if it got down to a certain price. He said he also owns 100 shares of Enron.

A week after the trade went off, Maviglio had warm praise for Calpine, telling reporters that the company has "made a clear commitment to invest in California." Contrasting Calpine with other power producers, he added "Their pricing has been far more reasonable than any other generator."

Maviglio's comments didn't help Calpine's stock. At the time he placed his order, it was trading at around $45, and subsequently dropped to around $38 when the trade was made. Despite a spike earlier this month, it is still trading in the high 30s.

Five energy traders, working as consultants with the California Department of Water Resources, were terminated Friday after financial disclosure statements revealed to Davis' people that they owned stock in Calpine and other power producers a potential conflict of interest. A sixth resigned on her own.

Davis had said that people hired as consultants were exempt from requirements that such disclosures be filed, but California Secretary of State Bill Jones, a Republican who may challenge Davis in next year's election, thought differently and pressured the administration to reveal the holdings of the consultants.

Yesterday, he said Maviglio ought to be fired. "These actions are unethical, unconscionable, unacceptable, and heads should roll," Jones said in a statement.

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