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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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Industry News

Investment in Phillippines' Power Generation Wanting

LCG, Apr. 21, 2004--A substantial amount of power generation reserves enjoyed by the Phillippines may not last through 2007-2008, if investors do not acquire financing to build new plants starting this year or next.

Although reserves were measured at 63 per cent of demand last year, the bankrupt state power utility, Napocor, no longer has a sufficiently strong credit rating to allow it to borrow more from development banks to finance plants. In addition, regulators lowered the rates it could charge, weaking its cash flow situation. Government officials want to sell off the utility's various assets in order to pay off Napocor's debts.

Distribution companies selling electricity at the retail level are now being ordered to submit five-year plans outlining how they will obtain adequate supplies for their customers. In addition, a market system is envisioned that will encourage private investment to provide not only generation but transmission operations.

Given the current forecasts of demand growth, reserves are estimated to fall to 13 per cent in 2008, below the 20 per cent that is seen as necessary to avoid supply disruptions in case of generator outages. If no investment is forthcoming in order to make more capacity available by 2007-2008, security needs might have to be met by reviving older plants that have been shut down.
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