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TVA Board Votes to Retire Over 2,000 MW of Coal-fired Generation

LCG, February 14, 2019--The Tennessee Valley Authority (TVA) Board voted today to retire both the Paradise Unit 3 and Bull Run coal-fired power plants within the next few years. The closures will reduce the TVA fleet electric generating capacity by 2,031 MW.

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MHPS to Supply Three J Class Turbines for Power Project in Virginia

LCG, February 8, 2019--Balico, LLC and Gemma Power Systems selected Mitsubishi Hitachi Power Systems Americas (MHPS) and its J Class turbines for the 1,600-MW Chickahominy Power Station project in Virginia. The combined cycle power plant will deliver power into the PJM regional transmission grid and is scheduled for completion in 2022.

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Industry News

SoCal Ed Special Session Put Off a Week

LCG, Sept. 28, 2001--California Gov. Gray Davis yesterday called a special session of the state legislature for October 9 in an effort to get legislation passed that would save the state's second-largest utility, Southern California Edison Co., from bankruptcy.

The governor's office had said earlier this week that the special session would be called for October 2 -- next Tuesday.

Steve Maviglio, the governor's spokesman, said the delay would be used to build political support for the SoCal Ed "rescue" package. "We've had constructive talks all week and we want to continue those talks," he said.

"This is a time of great economic uncertainty," Davis said in a statement announcing the session. "Another utility bankruptcy is not in anyone's interest."

Davis faces two huge obstacles in his effort to keep SoCal Ed out of bankruptcy court, where the state's largest utility, Pacific Gas & Electric Co. put itself in April when it sought protection under Chapter 11 of the U.S. bankruptcy law.

In the first place, two of SoCal Ed's leading creditors, Mirant Corp. and Reliant Energy inc., have been openly seeking support for a petition that would force the Southern California company into involuntary bankruptcy. It only take three creditors to file such a petition and the utility has hundreds of creditors who are nervous about getting their money.

The other hurdle is gaining support from lawmakers, even those within his own Democrat Party. When the legislature adjourned for the year on September 15 without passing a SoCal Ed bailout measure, Democrat Sen. John Burton, president pro tem of the state Senate, said "We should have killed this baby once and for all," referring to the rescue package.

Burton said at the time that the SoCal Ed legislation had support of only seven members of the 40-member chamber.

A third problem for Davis might be that one or both houses of the legislature might simply refuse to convene a special session. Sources in the state Senate said that Burton would only return for a special session if an agreement had been reached and progress in the past few days indicated that a deal was possible.

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