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Talen Energy Acquires Three Combined-Cycle Plants

LCG, July 23, 2015-Talen Energy Corporation announced Monday an agreement to acquire MACH Gen, LLC, for $1.175 billion inclusive of any assumed debt, subject to customary purchase price adjustments. The transaction is expected to be completed by year-end, following regulatory review and approval.

Bechtel Holds Groundbreaking Ceremony Held for Combined-Cycle Energy Project in Ohio

LCG, July 22, 2015-Bechtel announced yesterday the groundbreaking of a new natural gas-fired combined-cycle power plant in Carroll County, Ohio. Bechtel is responsible for the engineering, procurement, construction (EPC) and start-up of the project. EthosEnergy will operate the facility, and Advanced Power will remain as the construction and asset manager. The project is scheduled to be completed and commence commercial operations in 2017.

Industry News

Power Outage Hits Boston Moments After Governor Warns Utilities of Fines for Outages

LCG, Aug. 24, 2001--A scant three hours after Massachusetts Acting Gov. Jane M. Swift had officials of the state's electric utilities on the carpet, warning them that they could be fined for power outages that plagued the Bay State this summer, the lights went out for nearly 6,000 customers in the Boston Area.

Swift had called executives of NStar Corp., Massachusetts Electric Co., Fitchburg Gas & Electric Co. and Western Massachusetts Electric Co. to her office to tell them that the state Department of Telecommunications and Energy will hold hearings later this year on power outages suffered by state electric customers this summer.

The Boston Globe reported that Boston alone has suffered more than 500,000 customer-hours of blackouts since July 12. That's the equivalent of every household in Beantown losing power for two hours.

Earlier this month, about 30,000 Boston customers of NStar lost power on a day when temperatures hit 100 and some didn't get it back for two days. "NStar" is the cloak of anonymity adopted by Boston Edison Co. when it reorganized to take advantage of electric deregulation in Massachusetts. When it was called Boston Edison, you knew where it was and what it did.

But NStar and the other utilities aren't moving targets, and Swift warned them that they would be fined if the Telecommunications and Energy Department hearings show this summer's outages could have been avoided.

During the brief interval between the warning and the next outage, Swift told reporters "If in fact the investigation (the DTE) will perform warrants, the penalties would be imposed based on the failures and the disruption of service that happened this summer."

Massachusetts Secretary of State William F. Galvin said he wants to find out whether the utilities are violating part of the 1998 electric deregulation law that requires them to maintain staffing and maintenance at 1997 levels. He said his neighborhood alone has had excessive outages for years.




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