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CPUC Approves Contract for Biomass Repowering at Coal-fired Facility

LCG, February 5, 2010--The California Public Utilities Commission approved a power purchase agreement between PG&E and Mt. Poso Cogeneration Company, LLC for renewable energy from the Mt. Poso Cogeneration facility, located near Bakersfield, California.


Record Year for New Wind Power Installations in the U.S.

LCG, January 29, 2010--The American Wind Energy Association (AWEA) announced the U.S. wind industry set a new record by installing nearly 10,000 MW of new generating capacity last year. With the additions, the wind turbine generating capacity in the U.S. now totals over 35,000 MW.


Industry News

NRG to Buy 4 First Energy Coal Burners

LCG, Nov. 30, 2001--NRG Energy Inc. said yesterday it had agreed to buy four coal-burning power plants with a combined capacity of 2,535 megawatts from First Energy Inc. for $1.5 billion.

As part of the deal, First Energy will purchase power from the plants through 2005, which means the utility won't be forced into the wholesale power market to meet its native load. In California, utilities were prevented from entering into long-term supply contracts with purchasers of their plants and were required by law to purchase power through a state-operated spot market.

NRG will pay First Energy $1.36 billion cash and assume $145 million in debt. The company said the transaction should close in the second quarter of next year and add immediately to earnings.

First Energy President Anthony Alexander said the plants sold were all along Lake Erie, near Cleveland and Toledo, Ohio. He said the company would now concentrate on its power plants in the Ohio River Valley.




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