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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

Enron Memo Echoed in Cheney's Message to California

LCG, Jan. 31, 2002--A memo published by the San Francisco Chronicle Wednesday, from Ken Lay to Vice-President Dick Cheney, indicates that the former Enron Chairman and Cheney were both in support of free markets, not price caps, in California last year.

The memo reflected talks between the two men in April 2001, when California officials were calling for the White House to back wholesale power price caps. Public remarks by Cheney a few weeks later indicated a resistance to price caps, and a belief that such caps "would be a mistake," according to Cheney.

An excerpt from the memo reads, "the administration should reject any attempt to re-regulate wholesale power markets by adopting price caps or returning to archaic methods of determining the cost-base of wholesale power." It further warns that temporary price restrictions, not just ongoing caps, "will be detrimental to power markets and will discourage private investment."

The GAO has stated that it will go forward with a suit against the White House aimed at obtaining documents from energy policy talks. Mary Matalin, who advises Cheney, said "just because some of the things (from the memo) are included in the plan doesn't mean they were from the talks."

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