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

Bill to Turn Back Deregulation Passes CA Assembly

LCG, June 9, 2003--According to the author of the California bill SB 888, Sen. Joe Dunn, D-Santa Ana, "there is an urgency" behind its passage, but the bill, which passed the Senate Thursday, would likely disappoint some who have been able to make arrangements to buy electricity from sellers other than the state's major utilities.

The measure, which will go to the Assembly next, was not explicitly endorsed by Gov. Gray Davis, but Davis has asserted that California needs a "more regulated environment than we have now." Others, such as businesses who have been able to purchase electricity through "direct access" power contracts, are not eager for new legislation, before policy already in effect has had a chance to be tested more extensively.

While Dunn, who led an investigation into the causes of the energy crisis of 2000 and 2001, has referred to the real possibility of further rolling blackouts within the next year or two, it is not clear that SB 888 would significantly increase supplies available to California. It would give power companies the ability to enter long-term contracts, presumably with utilities. The state could also investigate the operating conditions at power plants taken off-line for maintenance or repair.

Severin Borenstein was quoted in the Sacramento Bee about SB 888, and said "It is unfortunate because direct access was not the problem, it was a symptom of the problem."
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