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

CMS to Sell Transmission System to Trans-Elect

LCG, Oct. 26, 2001--CMS Energy Corp. said yesterday that is would sell the electric transmission system owned by its subsidiary, Consumers Energy Co., to Trans-Elect of Washington, an independent transmission company.

According to CMS, the deal is the first outright sale of a major utility's electric transmission system to an independent transmission company. Trans-Elect will pay CMS about $290 million for the wires.

In selling its transmission assets, Dearborn, Mich.-based CMS is complying with Michigan's electric restructuring law which requires the state's major electric utilities to either divest their electric transmission systems or turn over operating control to an independent entity by December 31, 2001.

"Sale of the electric transmission system will allow for complete independence of ownership and operations, consistent with the intent of Michigan's electric restructuring law," said David W. Joos, CMS president and chief operating officer.

CMS said Consumers Energy's electric customers will see no change in their electric bills as a result of the sale, or any change in electric service reliability.

Joos said proceeds of the sale will be used to improve the company's balance sheet. The deal is subject to regulatory approval, but could be completed by the first quarter of next year.

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