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JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

Newsmakers

Reliant Energy, Inc. has appointed Mark M. Jacobs executive vice president and chief financial officer of both Reliant Energy and Reliant Resources, Inc. Jacobs will resign from the Reliant Energy position upon the completion of the spin-off of Reliant Resources from Reliant Energy. Steve Naeve, who has served in the Reliant Enery role, will continue as vice chairman of Reliant Energy until the completion of the spin-off. Jacobs has served in an advisory position with Reliant, and has been a managing director of Goldman Sachs & Co.

PSEG Energy Resources & Trading has appointed Thomas P. Weeks Director-Midwest Marketing, making him responsible for developing energy marketing opportunities for PSEG Power's gas-fired cominbed-cycle electric generating facilities under construction in the Midwest. PSEG Energy Resources & Trading is a subsidiary of PSEG Power, the independent power producer. Weeks served as Senior Structured Products Originator and Risk Manager at DTE Energy Trading. He also served at DTE's Detroit Edison Company affiliate, and held the positions of Senior Business Analyst and financial Team Leader.

Ballard Power Systems announced that Dennis Campbell will serve as president and chief operating officer effective July, 22, 2002. Campbell will also become chief executive officer on March 31, 2003, succeeding Firoz Rasul, who will become Executive Chairman of the Board of Directors. Campbell has 30 years of experience in diverse manufacturing enterprises, and joins Ballard from Home Care Industries, where he was president and chief executive officer. He will apply his experience to Ballard's fuel cell and related businesses in the portable, stationary and transportation power markets.
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