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

Nuclear Unit Powers Entergy Earnings

LCG, July 31, 2001Entergy Corp., which today announced higher-than-expected earnings, said the increase was due in large part to improved results in its nuclear generation operations and energy trading business.

The company, which earlier this months told Wall Street to expect earnings of about 96 cents per share, a two-cent drop from the same period last year, reported $1.06 cents a share, on $239 million earnings for the second quarter against $224 million for the second quarter a year earlier.

Entergy is the second-largest nuclear power company in the U.S., behind Exelon Corp. The company purchased four reactors from other utilities during the past 12 months, and has indicated it is looking for more.

Entergy's earnings, a record for the 13th consecutive quarter, prove that the company is on the right track, according to Chief Executive Wayne Leonard. "We've yet to realize all the upside potential in these businesses and we will capture every available opportunity to create tangible value for our shareholders," he said.

The gain came despite a $10 million downturn in profits from the company's regulated utility business, attributed to mild weather. That dip was more than compensated for when nuclear operations posted a gain of $33 million, three times the previous year's figure.

John Wilder, chief financial officer, said "We enter the second half of the year highly confident of our opportunities for the remainder of 2001 and beyond. We are reaffirming our current guidance for 2001 at $3.00 to $3.20 per share and $3.30 to $3.50 for the year 2002."

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