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

Edmonton Power Bills Up 43 Percent

LCG, Jan. 16, 2002--Monthly power bills for Edmonton customers of Epcor will be, on average, $73 ($46 U.S.), 43 percent higher than during the same time last year.

The higher bills are due in part to accelerated payments for deffered costs, which the company had been ready to collect over a three-year period, and to the end of a customer rebate program. The Alberta Energy and Utilities Board advocated that the deferred costs instead be spread over two years, a change Epcor vice-president Guy Bridgeman agreed with.

The costs originated in 2000 and 2001, when Alberta rates paid by customers were capped. The cost to Epcor of supplying power was not covered by these customer rates, and the company spent roughly one-third more than what it charged. Last year's provincial rebate program reduced costs to customers, resulting in bills of approximately $51 ($32 U.S.).

The Edmonton city council unanimously instated the new rates. Thus, slightly over 42 percent of the new bills is for power costs incurred in 2002, while transmission billing fees, plus the goods and services tax account for 34 percent. The remainder, roughly 23 percent, is connected with deferred costs.

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