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

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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