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Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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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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