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

Allegheny Energy Unit Agrees to Revised CA Contract

LCG, June 10, 2003--Allegheny Energy Supply, a unit of Allegheny Energy, has reached an agreement with the California Department of Water Resources to sell power under contract at lower rates, while the agency dropped a lawsuit it had filed in January.

The volume of power to be purchased was revised downward, and the price for power in off-peak hours starting in 2004 was lowered. The new prices will bring the cost of the contract to approximately $3.4 billion, which by Gov. Gray Davis' calculations is $836 million less than it had been previously.

The price for power in the contract averages $59.83/MWh, whereas it had been $61/MWh. Allegheny, which has its headquarters in Hagerstown, Md., plans to sell the revised contract.
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