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

Report Finds Xcel Service Standards Falsified

LCG, Mar. 14, 2003--Reporting by Xcel Energy Inc. on the duration of power outages was falsified, according to a report commissioned by Minnesota's Attorney General Mike Hatch, and the Minnesota Department of Commerce.

The report followed the Minnesota Public Utilities Commission's request that an investigation be launched into published allegations by unnamed sources that data had been changed. "It appears many different schemes have been used in order to keep durations down," the report by Eide Bailly LLP's Fraudwise said. Fraudwise is still investigating, and plans to produce a full report after the investigation.

"We are outraged at the accusations of corruption in our outage reporting system alleged in the Fraudwise report," a statement from Xcel said. Ken Zagzebski, the vice president of energy delivery, wrote, "We intend to refute each allegation and innuendo as soon as possible."

Xcel and state regulators arrived at a set of service standards during the creation of Xcel, through the merger of Northern States Power and New Centuries Energy Inc. in 2000. The agreement with regulators set penalties to be imposed if limits on outage durations or other standards were not met.
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