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

Cut in South Carolina Gas Rates Approved

LCG, Oct. 24, 2001--Scana Corp. said yesterday that a request by its South Carolina Electric & Gas Co. subsidiary for a 16 percent decrease in the purchased gas component of the utility's natural gas rates has been approved by the South Carolina Public Service Commission.

The decrease comes on top of a 15 percent reduction in rates that went into effect last March.

SCE&G customers will see gas prices drop from 79 cents per therm to 59 cents per therm on their November bills. The average householder will save about $17.88 a month or some $107 a year, Scana said.

"Wholesale prices for natural gas have returned to more normal levels and that's good news for our customers," SCE&G President Neville Lorick said. "Last year, gas prices jumped to unprecedented levels and customers were hit right in the pocketbook."

SCE&G recovers the cost of the natural gas it buys through the purchased gas adjustment which regulators set to reflect the company's actual gas costs, which are passed directly to SCE&G customers, Scana explained.

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