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

Williams Settles Many Claims in Western States

LCG, January 2, 2003-Williams Cos. has settled most of the lawsuits filed against it by California.

Many lawsuits were filed against energy generating companies like Williams after California's energy crisis in 2000/2001 forced the state's utilities into expensive long-term power contracts.

As part of the settlement, Williams will be free of California's claims regarding possible overpriced electricity. Some private class-action plaintiffs have also consented to the settlement.

California, in exchange, will see a reduction in its $4.3 billion energy deal with Williams. Williams will pay $150 million over eight years in addition to yielding some energy assets to California. Six generators, worth about $90 million, will go to the state.

Williams will also supply more electricity to California through 2001.

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