New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

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Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

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Industry News

British Government Considers Nuclear Takeover

LCG, January 23, 2003-British officials are considering taking over a nuclear generation company in the United Kingdom because of its financial troubles.

British Energy PLC, which received a large loan late last year, has been having difficulty due in part to low wholesale power prices. The company announced a loss of £337 million ($546 million) during the six months up to September of last year.

Also last year, the United Kingdom took steps to deregulate its energy markets, but now the House of Commons may even change the law in order to allow the nuclear company to file for bankruptcy and come under government supervision.

Loans to the nuclear generation company were questioned by European and Canadian companies because some considered the £410 million loan to be unfair assistance and unapproved by the European Commission. The European Commission later did approve aid to the energy company, but environmental groups such as Greenpeace still oppose the aid because of safety and cost issues, contending that British nuclear generation is dangerous and not cost efficient.

British senior ministers will discuss possibilities today and may stop new nuclear construction for up to five years.

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