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Duke Energy Renewables to Install 200-MW Wind Project in Texas

LCG, April 12, 2019--Duke Energy Renewables, a commercial business unit of Duke Energy, yesterday announced it will build, own and operate the MesteƱo Wind Project, located in southern Texas. The power generated by the 200-MW project will be sold into the ERCOT market, and Duke Energy Renewables will enter into a long-term hedge agreement covering the majority of the expected wind energy production. Construction has commenced, and the project is scheduled for completion by year-end.

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FPL Announces Plans for 409-MW Battery Storage System

LCG, April 3, 2019--Florida Power & Light Company (FPL) recently announced a plan to build the world's largest solar-powered battery system, the Manatee Energy Storage Center, as part of a modernization plan to accelerate the retirement of two, 1970s-era natural gas generating units at FPL's neighboring Manatee Power Plant.

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Industry News

Ontario Competition Could Be Slowed by Credit Fears

LCG, Feb. 27, 2002--Although a competitive power market is due to begin in Ontario on May 1, acquisitions of Ontario Power Generation's power-producing assets have been slow enough that the spin-off of utility Ontario Hydro still owns 80 percent of the province's generating assets.

Ontario Power's management attributes the slow pace of divestiture to banks' Enron-inspired fear of utility credit problems. Ron Robinson, vice-president of portfolio management at OPG said, "they don't have the money to come in and invest. Not only are they withdrawing their interest, they're going home to take care of their balance sheets."

The provincial transition plan for full competition requires that within ten years, no more than 35 percent of Ontario electric output should come from OPG. The single major competition-related development in the province to date has involved Bruce Power, a partnership of British Energy Plc and Cameco Corp., a Canadian uranium supplier. Bruce Power's nuclear assets, which it is leasing from OPG until 2018, produce 17 percent of the province's electric power needs.

Some heavy industrial users have voiced concern that unless divestiture accelerates, power prices could increase. Lauri Gregg, of Falconbridge Ltd., the third-largest nickel producer in the world, said, "the faster we get competition the faster we get efficiency in the market." Gregg mentioned that Falconbridge had urged a five-year timetable instead.
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