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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

PUC Staff Make Proposal for Texas Balancing Market

LCG, Mar. 19, 2003--A plan for preventing price spikes in the balancing energy market within the Electric Reliability Council of Texas (ERCOT) has been put forth by staff with the Public Utility Commission (PUC) of Texas.

The proposal is a reaction to price spikes that occurred in late February, when the balancing market priced Up Balancing Energy Service at $990/MWh, just below the $1,000 price cap. A more complicated plan addressing price spikes has been in development by the PUC's Market Oversight Division and ERCOT for about six months.

The new proposal would come into play when all power offered in the balancing market was to be bought by ERCOT, the grid operator. In such situations, sellers would be informed that prices would probably be reduced at a later date. The reduction would be calculated as if ERCOT had bought only 90% of the amount of energy actually used. The Market Oversight Division will continue to look at ways to address spikes, but has recommended the new proposal to commissioners while it does so.
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