Tampa Electric Plans to $800 Million Investment in New Solar Power Generation

LCG, February 24, 2020--Tampa Electric recently announced plans to expand its use of solar power to meet customer needs in Florida. The company plans to invest approximately $800 million to add 600 MW of solar electric generating capacity by the end of 2023, when the total solar capacity would exceed 1,250 MW. Solar power will then account for about 14 percent of the utility's energy.

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AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Industry News

SoCal Ed Bailout Plea Draws Fire

LCG, Oct. 2, 2001--Here is what John E. Bryson, president of Southern California Edison Co's. parent holding company Edison International Inc., wrote to shareholders just 10 days after the attacks on New York's World Trade Center and the Pentagon in Washington:

"During this time of national crisis we need stability in the California electric system. An Edison bankruptcy will destabilize that essential system and will have major adverse impacts on an already fragile California economy."

Critics have termed the attempt to link the survival of California's second-largest utility to what has become a worldwide war against terrorism as desperate and cynical and say it is an offense against the thousands of Americans who perished in the attacks of September 11.

In his letter, Bryson said it was irresponsible for the California legislature to not have passed a "rescue package" for the utility "during this time of national and economic uncertainty."

The letter was obviously a bid to gain support for legislation pending in the state Senate that is aimed at restoring the utility to solvency. The measure was languishing in committee when the legislature adjourned for the year on September 15, but Gov. Gray Davis has called a special session in an effort to get the legislation passed and save SoCal Ed from bankruptcy.

State Sen. John Burton, a San Francisco Democrat who is president pro tempore of the state Senate, said he found the letter "unseemly, and a desperate act from a desperate person."

The bailout does not have much support in the state Senate, even among members of Davis' Democrat Party. "Maybe we'll do them a favor and put it up for a vote and show there's three people who will support it," Burton added.

Harvey Rosenfield, president of the Foundation for Taxpayer and Consumer Rights, wrote Bryson saying "what has happened to this nation in the last three weeks with your company's self-inflicted financial wounds is a grievous offense to the memories of the six thousand men, women and children" killed in the September 11 attacks.

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