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Siemens Energy to Provide Hydrogen-Capable Gas Turbines to OPPD

LCG, June 18, 2021--Siemens Energy announced yesterday that Siemens Energy will provide two F-Class turbines to power Omaha Public Power District's (OPPD) new Turtle Creek Station Peaking Plant in Papillion, Nebraska.

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Summer 2021 Resource Adequacy Scenarios- Revised Report

LCG June 11, 2021--LCG Consulting (LCG) has released its analysis of resource adequacy in ERCOT for summer 2021, as we do each spring.

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Industry News

FERC Would Use Incentives to Encourage RTO Membership

LCG, Jan. 15, 2002--The Federal Energy Regulatory Commission has given its support to a staff proposal that aims to bring transmission assets owned by utilities under regional transmission organizations through increased rate of return incentives.

The proposal will be submitted for public comment over a 45-day period, and would permit public utilities to gain federal approval for up to an additional 2 per cent in rate of return on equity. Utilities could earn up to 50 basis points of additional return on equity for transmission investments based on their joining a regional transmission organization; 150 basis points for divested transmission assets; and 100 basis points for expansion of transmission assets. While the incentives for joining an RTO would last through 2012, the incentive for divesting transmission assets would be offered through 2022.

FERC's aim with the set of incentives is to allow greater access by independent power producers with no transmission assets. Utilities would not receive direct benefit from the incentive for divested assets; rather, they would see more profitable asset sales, which would likely be at a higher price because of the incentive. Ultimately, FERC would like dispatching of generation to be the responsibility of actors other than their owners.
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