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News
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LCG, July 8, 2020--American Electric Power (AEP) announced last Thursday that, following the PUC of Texas not approving AEP subsidiary Southwestern Electric Power Co.'s (SWEPCO) plan to add 309 MW of wind energy to serve Texas customers, AEP will proceed to acquire the entire planned 1,485 MW of North Central wind projects.
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LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).
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Industry News
Calpine Completes Acquisition of Westcoast Energy Plants
LCG, Sept. 24, 2001--Calpine Corp. said on Friday its wholly owned subsidiary Canada Power Holdings Ltd. has completed the acquisition and assumed operations of two Canadian cogeneration plants from British Columbia-based Westcoast Energy Inc.The acquisition adds 275 net megawatts of strategic natural gas-fired generation to Calpine's Canadian power portfolio. Calpine said it paid about $255 million (U.S.) for the plants.The acquisition gives Calpine 100 percent interest in the Island Cogeneration facility, a 250 megawatt natural gas-fired electric plant located near Campbell River, British Columbia on Vancouver Island.The plant, which is nearly completed, will deliver electricity to BC Hydro under the terms of a 20-year agreement and will also provide process steam to a nearby industrial concern under a 15-year contract.Calpine also acquired a 50 percent interest in and assumed operations of the 50-megawatt Whitby Cogeneration plant, which provides power to Ontario Energy Financial Corporation, formerly Ontario Hydro, under the terms of a 20-year agreement. Located in Whitby, Ontario, the plant entered commercial operations in September 1998 and provides steam to a packaging firm.
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Generator X
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