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

NRG Energy Inc. Wins Contract Termination

LCG, June 3, 2003-Yesterday, a Federal judge found NRG Energy Inc.'s contract with Connecticut Light & Power Co. subject to termination.

NRG recently declared bankruptcy and as part of its reorganization, the company notified Connecticut Light & Power that it would stop providing electricity to the utility. NRG contends that its contract with CL&P cost the company $500,000 per day. However, NRG gave the utility just a few days notice of its intention to stop service.

As a result, the Federal Energy Regulatory Commission ordered NRG to continue supplying energy according to the contract until the contract could be properly examined.

Judge Prudence Carter Beatty, who is overseeing the bankruptcy proceedings, found that the contract was "burdensome to the estate," and that NRG can withdraw from its agreement.

Under FERC's order, NRG must still temporarily supply CL&P. The contract comprises 45 percent of the electricity CL&P supplies to its customers. A FERC judge could still order NRG to fulfill its contract through the end of the year. Judge Beatty noted that she would not attempt to overrule any FERC order.

NRG has been producing electricity according to the contract with CL&P for two years, and the agreement expires at the end of this year. The company contends that CL&P violated the contract last year.

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