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

Enron India's Sale of Gas Assets to BG in Peril

LCG, Oct. 11, 2001--The agreed upon sale by Enron India Oil and Gas of its 30 percent interest in three oil and gas fields to BG Plc of the UK (the former British Gas) is imperiled by the desire of India's Reliance Industries Ltd. to operate the fields after the change of ownership.

Enron's agreement with BG is contingent upon the U.S. company continuing to operate the Panna, Mukta and Tapti fields, which lie off India's western coast, and are considered among the more promising recent finds in the country.

The three fields produce among them about 8 million cubic feet of natural gas per day.

Reliance, which also owns a 30 percent stake in the fields, has applied to the government to be appointed the operator, which could derail the deal, according to sources in India.

Enron said it wants to sell its interest in the fields in order to concentrate on its energy trading business, but the company has also said it wants to simply exit India because of problems with its 65 percent owned Dabhol Power Co. in the Indian state of Maharashtra.

BG said it wants the Panna, Mukta and Tapti fields to supplement its interests in gas distribution and liquefied natural gas in India.

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