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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

EdF Buys UK Distribution, Generation from TXU

LCG, Nov. 19, 2001--Electricit de France made further inroads into the British electricity market today with the 1.31 billion ($1.86 billion U.S.) acquisition of distribution company Eastern Electricity and the 366 million ($520 million) purchase of the 2,000 megawatt West Burton power station.

The seller in both instances was TXU Europe, a unit of U.S. utility holding company TXU Corp.

Bruno Lescoeur, chief executive of EdF's London Electricity, said the deals "are part of our strategy to consolidate our position within the UK market, which is consolidating."

Eastern Electricity's distribution network in East Anglia will be folded into London Electricity and the West Burton station will give EdF something like 7 percent of the British generation market -- still well behind rivals such as Powergen.

Paul Marsh, chief operating officer of TXU Europe, said "We will now focus on continuing our history of outstanding earnings growth by further strengthening our business in the UK market and accelerating our already rapid growth in the rest of Europe."

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