JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

Dominion Completes Acquisition of Louis Dreyfus Gas

LCG, Nov. 2, 2001--Dominion Resources Inc. said yesterday it has completed the $2.3 billion acquisition of Louis Dreyfus Natural Gas Corp., and will fold the company into its Consolidated Natural Gas subsidiary.

Dominion said the acquisition more than doubles its proven reserves to more than 4.6 trillion cubic feet equivalent. That increase will permit a 40 percent expansion of production to more than 450 million cubic feet of natural gas per year.

All in all, Dominion expects the acquisition to help double its gas sales and trading volumes over the next three years.

The purchase was paid for with $890 million in cash and $900 million in stock from a new issue of 14 million shares. Consolidate also assumed $505 million of Louis Dreyfus debt.

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