New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

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Construction Commences on Enel’s Aurora Wind Farm in North Dakota

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Industry News

Enron Wearies of Delays in India

LCG, Sept. 25, 2001--Enron Corp. sees no early solution to its bitter dispute with the Maharashtra State Electricity Board despite an assurance from Indian Prime Minister Atal Bihari Vajpayee that the federal government of India will step in to resolve the problem, the Economic Times, an Indian business paper, reported this morning.

The company wrote to Vajpayee more than a month ago with an offer to sell its 65-per cent stake in Dabhol Power Co. for $1 billion but the federal government has not responded, Enron India spokesman Jimmy Moghal said yesterday.

"It's been more than a month since we have communicated to government authorities and have yet to receive any response," he said, adding that Enron Chairman Kenneth Lay had written another letter to New Delhi expressing "disappointment" at the lack of progress.

The company wrote to Vajpayee saying a long legal dispute would "raise serious questions about India's image as a safe and reliable destination for foreign investment", Moghal said, noting that earlier this month Vajpayee said the federal government would facilitate a quick solution to Enron's dispute with the MSEB, which was the sole buyer of Dabhol's power.

The Economic Times quoted an Enron statement as saying "Contrary to recent impressions created ... regarding a quick resolution of the Dabhol project, little progress has so far been made with, in fact, no proximity to reaching a fair and reasonable solution."

Another paper, The Times of India, said Lay wrote in his letter to Vajpayee that foreign investors would doubt the sanctity of contracts signed in India. "Any other foreign investor or lender is going to ask himself why his contract is any more likely to be honored than ours has been," it quoted Lay as saying.

Moghal declined comment on the newspaper report.

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