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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

Private Transmission Project to New York City Stalls

LCG, Mar. 1, 2004--Doubt among lenders about the revenue that could be earned by a privately owned transmission line supplying power to New York City has resulted in the developer, Conjunction LLC, cancelling a planned auction of transmission access to utilities and merchant power developers.

Had investors been willing to lend a total of $500 million, they could have gained access to the proposed Empire Connection line at capped rates. Nevertheless, the fact that the transmission line would have had no guaranteed reimbursement of the construction costs was discouraging to entities wishing to minimize their exposure to project risk, according to the Wall Street Journal.

If completed, the line would allow imports of up to 2,000 megawatts of power. Based on projections by the New York City Energy Policy Task Force, 2,600 megawatts of additional capacity is need to supply the city by 2008, or else power outages may be seen.
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