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

PG&E, SoCal Ed Fight CPUC over Rate Cases

LCG, Nov. 29, 2001--The California Public Utilities Commission will discuss at its meeting today whether there are "good reasons" that Pacific Gas & Electric Co. and Southern California Edison Co. should not be fined for failure to prepare general rate cases projecting electricity and natural gas prices for the year 2003.

The CPUC had directed the two utilities to file the preliminary paperwork last month. Neither company has done so and each faces penalties that could amount to as much as $20,000 per day. The utilities complained that the regulators gave them insufficient time and that the unsettled energy market makes it difficult to predict whether prices will be raised or lowered.

Gordon Smith, chief executive of PG&E said in a letter to the CPUC that it would take at least six months to prepare a general rate case and the agency has allowed it only 20 days. "It seems incongruous and an inefficient use of resources to process a full-blown general rate case without knowing how the bankruptcy will be resolved," Smith wrote.

SoCal Ed said the uncertainty of the market made preparation of a rate case difficult, but thought it could get the preliminary paperwork together by the middle of next month. John Fielder, the utility's vice president for regulatory affairs, said his company was prepared to tell the CPUC why it was "entirely appropriate to delay filing the first step in the rate case."

Commissioner Jeff Brown, a member of the CPUC, said the agency will decide today whether "there are good reasons for the non-production of the rate cases."

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