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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

Federal Judge Won't Block SoCal Ed Settlement

LCG, Nov. 12, 2001--U.S. District Judge Ronald Lew on Friday refused to delay a settlement between Southern California Edison Co. and state regulators designed to allow the utility to recover $3.3 billion of its debts and help the utility avoid bankruptcy.

A San Francisco-based consumer "watchdog" organization, The Utility Reform Network (TURN), had asked the court for a stay of the agreement reached between SoCal Ed and the California public utilities Commission.

Judge Lew, who had approved that settlement on October 5, said further delay would risk harming the utility, its creditors, its customers and the general public. He called TURN's arguments "repetitive" and "without merit."

Michael Strumwasser, a TURN lawyer, said "We are not surprised that Judge Lew turned us down given his prior rulings," and promised to pursue a stay in the U.S. 9th Circuit Court of Appeals in San Francisco.

The utility said it was confident that the settlement would not be derailed. "This ruling reaffirms that settlement. We're pleased. It's an important step in the process," said Stephen Pickett, a SoCal Ed attorney.

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