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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Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

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Industry News

Conectiv Unit Sells Interests in Nukes

LCG, Oct. 19, 2001--Utility holding company Conectiv Inc. said yesterday that its Atlantic Electric Co. subsidiary had completed the sale of its ownership interests in three nuclear plants to PSEG Nuclear LLC and Exelon Generation Co. for a total of about $11.3 million, not counting fuel inventory.

With the sale of these interests, Atlantic Electric has completely exited the nuclear generation business.

  • A 7.51-percent, 164 megawatt, interest in the Peach Bottom Atomic Power Station Units 2 and 3 was sold in equal shares to co-owners PSEG Nuclear and Exelon, each of which, prior to the sale, owned about 46 percent of Peach Bottom. Exelon is the operator of that facility.

  • A 7.41-percent, 167 megawatt, interest in the Salem Nuclear Generation Station Units 1 and 2 was sold to PSEG Nuclear, an indirect subsidiary of Public Service Enterprise Group Inc. PSEG Nuclear is the operator of Salem and, prior to the sale, owned about 50 percent of that facility.

  • A 5.00-percent, 52 megawatt, interest in the Hope Creek Nuclear Generation Station Units 1 and 2 was sold to PSEG Nuclear. PSEG Nuclear is the operator of Hope Creek and, prior to the sale, owned 95 percent of that facility.

Conectiv said PSEG Nuclear and Exelon unit Peco Energy Co. have also assumed full responsibility for the ultimate decommissioning of Atlantic's interests in Peach Bottom, Salem and Hope Creek.

Thomas Shaw, chief executive of Conectiv, said "The sale represents another milestone in the execution of our focused business strategy. We have sold baseload nuclear and fossil fired power plants that do not fit our strategy and have made progress developing and building new, fast-response, mid-merit generation units that can meet the region's need for power."

"Mid-merit" plants are quick-starting peaking units -- usually natural gas-fueled combustion turbines -- the are fired up during periods of peak demand, when electricity prices are at their highest.

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