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JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

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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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

Pepco-Conectiv Merger Gets FERC Approval

LCG, Sept. 28, 2001--Potomac Electric Power Co. and Conectiv said yesterday they have received approval of their proposed merger from the Federal Energy Regulatory Commission, calling the green light "a significant milestone on the path to completing the combination of the two utilities."

Pepco also announced that regulators in Delaware, Maryland, New Jersey, Virginia, and the District of Columbia have now established schedules for reviewing the merger which are consistent with the companies' plans to complete the merger in the first quarter of 2002.

The companies said the merger will create the largest electricity delivery company in the Mid-Atlantic states with the largest transmission network serving the regional power grid. The new company will serve 1.8 million customers in the District of Columbia, Maryland, Delaware, New Jersey and Virginia.

The Federal Trade Commission and the U.S. Justice Department cleared the merger in August. Shareholders of both companies approved the merger in July.

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