Duke Energy Renewables to Install 200-MW Wind Project in Texas

LCG, April 12, 2019--Duke Energy Renewables, a commercial business unit of Duke Energy, yesterday announced it will build, own and operate the MesteƱo Wind Project, located in southern Texas. The power generated by the 200-MW project will be sold into the ERCOT market, and Duke Energy Renewables will enter into a long-term hedge agreement covering the majority of the expected wind energy production. Construction has commenced, and the project is scheduled for completion by year-end.

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FPL Announces Plans for 409-MW Battery Storage System

LCG, April 3, 2019--Florida Power & Light Company (FPL) recently announced a plan to build the world's largest solar-powered battery system, the Manatee Energy Storage Center, as part of a modernization plan to accelerate the retirement of two, 1970s-era natural gas generating units at FPL's neighboring Manatee Power Plant.

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Industry News

Canadian Plan Could Put Some Gas Wells Off-Limits

LCG, July 7, 2003--The announcement by the Alberta Energy and Utilities Board (AEUB) that gas wells in northestern Alberta could be shut in led to a three-day gathering last week of gas producers and developers of oilsands for hearings by the board.

In many locations, natural gas and oilsands are found layered on top of one another, and therefore, those planning to extract either resource will be affected by the final decision. Based on current scientific knowledge, the degree to which they would be harmed or benefitted is under debate. The board bases its proposal on the idea that extraction of gas will decrease pressure that is needed to extract oilsands.

Various oilsands developers are on opposite sides over the decision, which would affect roughly 900 wells, or 2 per cent of Alberta's remaining reserves. Some developers of oilsands, such as Imperial Oil, Petro-Canada and Nexen Inc., do not oppose the plan. Some of these companies would plan to use steam to force oilsands out of the ground. Petro-Canada is concerned that if the proposal is not enforced, the company could lose the ability to extract between 600 million and 1.5 billion barrels.

The question of how the board arrived at its decision and whether it was fair was raised by Paramount Energy Trust, which has said compensation awarded for the loss of its access to gas wells could be substantial. Petrocan estimates the bitumen deposits' value greatly outweighs the value of natural gas, representing "over a trillion dollars' worth of bitumen".
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