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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

Greenspan Sees No Quick End to High Natural Gas Prices

LCG, June 11, 2003--The chairman of the Federal Reserve, Alan Greenspan, testified before Congress yesterday on the rise of natural gas prices, and the lack of new supplies to counter the trend.

A year ago, the typical price per million btu was around $3.50, but recently has been near $6. Much of the rise has apparently come from the drop in inventories brought on by an unexpectedly cold, longer winter and increased need for heating. Greenspan said that the cost of natural gas is cutting into corporate earnings and household spending on other goods, and could delay national economic recovery. Given the signals from the forward market for gas, Greenspan said that a price level of around $2 per million btu represents "a historical relic, at least for the time being."

The chairman noted that drilling companies' discoveries are not producing the same increase in production that they had previously. He said that the U.S. should seriously consider significant expansion of liquid natural gas terminals to handle shipments from overseas, as even Canada, which supplies about 15 percent of national consumption, is not able to boost its exports to the degree that prices would be noticeably affected.
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