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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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Industry News

SoCal Ed 'Bailout' Dying a Slow Death

LCG, Aug. 21, 2001--When California Gov. Gray Davis announced last April that he had arranged a deal with Southern California Edison Co. for the state to purchase the utility's transmission assets for $2.76 billion and thus provide SoCal Ed with money to pay some of its enormous debt, there were a couple of important conditions.

One, the deal had to be done by August 15, and two, the arrangement agreed to between the governor and the company were not subject to alteration. The governor even got into a shouting match with a lawmaker over the second provision, with Davis using language that would make a sailor blush.

The deadline came and went with the state legislature on its summer recess, but SoCal Ed, grasping at straws as bankruptcy stares it in the face, said it would wait until the lawmakers returned.

Today, Davis is expected to offer a "compromise" plan to the Assembly Democrat caucus that SoCal Ed may find hard to swallow.

Gone would be the deal to buy the utility's transmission system, though it would remain an option. In place of the $2.76 million, the state would allow SoCal Ed to issue up to $2.9 billion in revenue bonds -- tax exempt bonds guaranteed by the company's future collections from ratepayers -- and use that money to pay some of its bills, but the state would say which bills.

SoCal Ed would use some of the bond proceeds to pay off so-called "qualifying facilities," independent power producers created by the national Public Utility Regulatory Policies Act of 1978, but not the independent power producers who purchased generating facilities belonging to the state's investor-owned utilities. The company would have to find its own resources to pay the $1 billion it owes the latter.

The "compromise" aligns the utility's "rescue plan" with legislation passed last month by the state Senate and dismissed at that time as "unacceptable" by Southern California Edison. But it has been passed by the Senate and shows signs of progress in the Assembly.

And that looks as though it is as close as Davis is going to get to his original agreement with SoCal Ed.

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