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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

Appeals of FERC's Decisions on Western Energy Contracts Planned

LCG, June 27, 2003--The Federal Energy Regulatory Commission's ruling upholding certain power contracts signed during the western energy crisis will be appealed by the state power-buying agency and major western utilities, although the likelihood that such appeals will succeed does not appear significant.

Companies selling power under long-term contracts said they are confident that an appeal before FERC will not result in a change in the regulatory agency's stance. The CEO and president of Sempra Energy, Stephen Baum, said that his company's position is supported by a prior ruling issued by the San Diego Superior Court. Besides California, Sierra Pacific Resources subsidiary Sierra Pacific Power Co., PacifiCorp, and Nevada Power Co. will file for rehearings, and will likely present their cases in court if FERC does not change its decisions.

FERC and the utilities disagree on whether contracts signed during a time when efforts at manipulation were apparently taking place should stand. While FERC upheld the contracts this week, it also issued "show cause" orders to 60 companies and utilities concerning their behavior in the power marketplace during 2000 and 2001. Sen. Dianne Feinstein, D-Ca., said that under the circumstances she found the rulings on contracts "incomprehensible." Sempra Energy Resources, one of the sellers to California's Department of Water Resources, said it might consider switching the terms of a contract for 1,900 megawatts over 10 years to a form that would allow the agency to pay for the quantity of power that it uses, rather than a pre-determined amount.
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