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

Puget Energy Seeks 14.5 Percent Rate Hike

LCG, Nov. 28, 2001--Puget Sound Energy Co., the utility subsidiary of Puget Energy Corp., has asked Washington state regulators for a rate increase for both natural gas and electricity and for permission to offer variable rates that would permit the company to pass along to customers any changes in the wholesale cost of energy.

The utility, which serves nearly a million customers around -- but not in -- Seattle, is seeking a 14.5 percent electricity rate increase that would boost the average householder's monthly bill by about $9. Residential gas bills would increase by another $2 per month.

The Washington state consumer advocate greeted the request with dismay. "We think it's a shocking blow for ratepayers and small businesses that are already facing recession and high employment," said Simon ffitch (that is correct), power counsel in the state Attorney General's Office.

The proposed gas and electricity rate hikes are part of a general rate case which will be reviewed by the Washington Utilities and Transportation Commission in a process that could take up to a year.

That is not fast enough to stop the bleeding, the company said, announcing it would file an interim rate increase request with the commission, seeking to recover losses of $625,000 per day from September of this year through September 2002.

Even with the increases, which would be the first in more than five years, Puget Sound Energy customers will be better off than their neighbors, the company said. Customers of Seattle's municipal utility will be paying almost 50 percent more for electricity than they did a year ago, and those of Tacoma's electric department will be paying more than a third more.

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