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New York PSC Approves Ravenswood Energy Storage Project

LCG, October 18, 2019--The New York State Public Service Commission (PSC) yesterday approved construction of the largest battery storage facility in New York State history. The 316-MW Ravenswood Energy Storage Project will be built in Long Island City, Queens, New York and scheduled to be partially operational by March 2021.

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Xcel Energy, EVRAZ North America and Lightsource BP Announce 250-MW Solar Project in Colorado

LCG, October 1, 2019--Xcel Energy, EVRAZ North America and Lightsource BP announced Friday that they have reached a long-term agreement to develop a 240-MW solar facility in Colorado. Lightsource BP will finance, build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement (PPA). The project will be built on EVRAZ Rocky Mountain Steel property in Pueblo, making it the largest on-site solar facility dedicated to a single customer in the country.

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Industry News

E·on Boosts Ruhrgas Stake to 34 Percent

LCG, Nov. 1, 2001--Big German utility Eon has increased its stake in Ruhrgas, Germany's biggest natural gas importer and distributor, to about 34 percent with the purchase of a 23.6 percent interest in Bergemann, another large Ruhrgas shareholder.

Eon had already attracted the attention of the German Federal Cartel Office, which is investigating the company's earlier purchase of a 25.5 per cent stake in Ruhrgas.

The acquisition of a portion of Bergemann gives Eon 23.6 percent of that company's 33 percent interest in Ruhrgas, bringing Eon's effective interest in Ruhrgas to 33.9 per cent.

The Cartel Office is concerned about the possibility of market abuse by Eon because of its growing control of the largest German gas importer while it also is a large retailer of natural gas. Eon has about 35 percent of the German retail gas market through its ownership of municipal energy providers and stakes in Contigas and Thuga.

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