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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

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

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Industry News

Prague Names Bidders for Energy Sector Auctions

LCG, Oct. 9, 2001--The government of the Czech Republic has drawn up a shortlist of bidders expected to participate in the auction of majority stakes in the upcoming privatization of its electricity and natural gas industries.

Companies set to bid for Czech electric companies are Electricit de France, Electrabel of Belgium, a joint venture between Enel of Italy and Iberdrola of Spain, and another joint venture between NRG Energy Inc. of the U.S. and International Power of the UK.

The Czech-list, if you will, for the natural gas companies includes Duke Energy Corp. of the U.S., Germany's Eon, the Italian Edison Gas, Gas Invest of the Czech Republic, a joint venture between RWE Gas and Wintershall of Germany, and a consortium consisting of Italy's Snam, Ruhrgas of Germany and Electricit de France.

The privatizations are aimed at improving the Czech energy sector's competitive position in the increasingly liberalized European Union market and proceeds from the sales are seen as needed to shore up the Czech national balance sheet.

The government hopes to raise between 200 billion and 250 billion korunas ($5.4 billion to $6.8 billion U.S.) through the sale of two-thirds CEZ alone. CEZ operates the Czech national transmission grid and generates most of the country's electric power.

Among CEZ's assets is the controversial Temelin nuclear power plant, but British Energy has expressed interest in acquiring Temelin separately from other CEZ properties.

In the natural gas sector, the successful bidder for Czech Transgas will control a vital link in the pipeline connecting Russia's Gazprom with its markets in Western Europe.

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