Missouri PSC Approves Grain Belt Express HVDC Transmission Project

LCG, March 22, 2019--The Missouri Public Service Commission (PSC) approved a request filed by Grain Belt Express Clean Line LLC for a certificate of convenience and necessity (CCN) to construct, own, operate, control, manage and maintain a high-voltage, direct-current (HVDC) transmission line to move power east from wind farms in western Kansas to load centers in Missouri, Illinois and Indiana.

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FPL Targets 1,490 MW of Solar Capacity for New Community Solar Program

LCG, March 15, 2019--Florida Power & Light Company (FPL) Wednesday filed a proposal with the Florida Public Service Commission (PSC) for a new community solar program, FPL SolarTogether. Pending PSC approval, FPL plans to install 1,490-MW of capacity at 20 new solar power plants across FPL's service territory to meet anticipated customer enrollment in the program.

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Industry News

Judge Rejects PG&E Asset Transfer Proposal

LCG, Feb. 9, 2002--A plan by Pacific Gas and Electric Co. to transfer generating assets to its parent company, PG&E Corp., has been rejected by U.S. Bankruptcy Judge Dennis Montali.

The decision was issued Thursday evening. The regulated utility claims that the transfer of power plants, hydropower dams and transmission infrastructure to un-regulated status would allow them to earn higher, market rates. The proceeds, it has said, would be used to repay billions of dollars to creditors.

Montali found that, contrary to PG&E's arguments, bankruptcy law does allow California to prevent the transfer, and that federal law should not supersede state law. Many state laws would need to be overridden to enable the transfer.

Under PG&E's plan, PG&E Corp. would have paid $4.35 billion in cash and securities to the utility, and received assets worth $8.3 billion. A Justice Department representative who is taking part in the bankruptcy proceedings, Linda Stanley, said of the plan, "they seem to be transferring (out) more than the creditors are getting."

The judge set Feb. 27 as the date by which the utility will need to respond to another bankruptcy reorganization proposal, one put forth by the Public Utilities Commission. A spokeswoman for the PUC, Terrie Prosper, said "now there's not a viable plan on the table, so hopefully that leaves room for ours, which is better for consumers."

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