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

L.A. Gets $181 Million from Municipal Utility

LCG, Nov. 27, 2001--Commissioner of the Los Angeles Board of Water and Power -- governors of the city's huge municipal utility -- have approved a transfer of $181,400,000 to the city's general fund for the current fiscal year.

The Los Angeles City Council was scheduled to vote today on whether the utility -- the Los Angeles Department of Water and Power -- should hang onto its interest in the Mohave coal-fired power plant in Nevada. A lot of that $181,400,000 was produced by LADWP sales of surplus power to the California independent System Operator and the California Department of Water Resources at top dollar.

The LADWP's annual transfer to the city of Los Angeles equals 5 percent of the utility's gross revenues for water and electric services, and this year's infusion of cash to the city was about 25 percent higher than last year's, as the result of power sales.

About 85 percent of the transfer, or $154,153,000 will come from LADWP's Power Revenue Fund.

"We are fortunate that in the midst of the city's economic downturn, the Department of Water and Power is able to make its contribution to the city," said Mayor James K. Hahn. "These funds will go a long way to help the city continue to provide vital services such as fire and police protection, libraries and recreational facilities."

"This transfer demonstrates one of the benefits of public power," said DWP Board President Kenneth T. Lombard. "We are proud that in addition to meeting the water and electricity needs of the city, DWP pays dividends to the residents of Los Angeles in the form of support for necessary city and community services."

Members of the City Council say they are predisposed to vote in favor of keeping the city's 316 megawatt interest in the Mohave power plant.

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