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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

FERC to Decide on Nevada Electricity Contracts

LCG, April 10, 2002--The Federal Energy Regulatory Commission (FERC) will begin to determine whether or not Nevada utilities will be able to cancel some pricey contracts it made last year.

Today FERC will set the date for a hearing, possibly coming to some conclusion by the end of May 2003.

Nevada utilities signed some $400 million worth of long-term forward contracts in 2000 and 2001, a period when western electricity prices were very high.

In December of last year Sierra Pacific Resources Corp., of which Nevada Power is a subsidiary, requested FERC to find specific forward contracts unreasonable and therefore up for renegotiation.

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