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.

Read more

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.

Read more

Industry News

BC Gas to Buy Westcoast Energy's Centra Gas

LCG, Oct. 22, 2001--BC Gas Inc. has entered into an agreement to acquire the common shares of Centra Gas British Columbia Inc. and Centra Gas Whistler Inc. from Westcoast Energy Inc. for $208 million ($131 million U.S.), Canada NewsWire reported this morning.

Westcoast, which is being acquired by Duke Energy Corp. for $3.5 billion, also said this morning it would sell its energy services unit to the city of Edmonton's Epcor Utilities Inc.

John Reid, chief executive of BC Gas, said "Centra Gas has excellent growth potential, including the expansion of natural gas service to residential and commercial customers and the opportunity to service gas-fired electricity generating plants on Vancouver Island."

The deal gives BC Gas control of all Centra Gas's Vancouver Island and Sunshine Coast assets, including 382 miles of high-pressure transmission mains and close to 2,000 miles of intermediate-pressure transmission and distribution mains. Centra Gas currently provides natural gas to 70,000 homes and businesses and seven pulp mills on Vancouver Island and the Sunshine Coast.

Epcor's purchase of Westcoast's wholly owned Union Energy will add more than 900,000 customers, mainly in Ontario, to its existing customer base and create one of Canada's largest providers of energy and energy related services, the company said in a statement.

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service