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TVA Board Votes to Retire Over 2,000 MW of Coal-fired Generation

LCG, February 14, 2019--The Tennessee Valley Authority (TVA) Board voted today to retire both the Paradise Unit 3 and Bull Run coal-fired power plants within the next few years. The closures will reduce the TVA fleet electric generating capacity by 2,031 MW.

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MHPS to Supply Three J Class Turbines for Power Project in Virginia

LCG, February 8, 2019--Balico, LLC and Gemma Power Systems selected Mitsubishi Hitachi Power Systems Americas (MHPS) and its J Class turbines for the 1,600-MW Chickahominy Power Station project in Virginia. The combined cycle power plant will deliver power into the PJM regional transmission grid and is scheduled for completion in 2022.

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Industry News

German Company Allowed to Buy Majority of Czech Gas

LCG, May 3, 2002-The Czech Republic's anti-monopoly office, UHOS, has allowed German company RWE Gas to purchase the majority stake of the Czech gas network.

Having received permission, RWE Gas may buy 8 regional distribution bodies as well as gas importer and distributor Transgas for 4.1 billion Euros, or $3.7 billion. Transgas controls pipelines transporting 20 percent of western German natural gas supply and 34 percent of all Russian gas exports.

The potential contract would be the largest privatization move yet for the Czech government. Payments for government assets sold due to privatization are to be kept in the Czech National Bank and out of the foreign exchange market so as not to affect the Czech currency (USD1 = CSK33.9).

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