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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

The California ISO Targets February 2007 for Final Integration of Market Redesign

LCG, June 29, 2004--The California ISO Board of Governors met on June 24, 2004 and approved the updated market redesign and infrastructure upgrade program, with a scheduled completion date of February 2007. The ISO plans to address reliability and market design improvements, as well as replace aging information and technology systems with new, more reliable systems through one infrastructure upgrade program.

The market redesign, commonly referred to as MD02 (Market Design 2002), will significantly change California's electricity market. The new design is similar to those developed by the ISO's operating in the Northeast and will include locational marginal prices (LMPs), an integrated forward market (IFM) and real-time market, and congestion revenue rights (CRRs).

The system upgrades will include the settlement system and scheduling infrastructure replacement, together with other systems consolidation and integration efforts. According to the ISO, the system upgrades are to replace original systems installed in 1997, and these system upgrades would be necessary regardless of the market redesign effort. The total program costs for the market redesign and technology and infrastructure upgrades, including a $12 million contingency, are estimated by the ISO to be nearly $140 million.

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