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JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

Nevada Power Receives Green Light for Moapa Power Plant

LCG, September 21, 2004--The Public Utilities Commission of Nevada (PUCN) issued its final order allowing Nevada Power Company, a wholly owned utility of Sierra Pacific Resources, to proceed with the purchase of the partially completed Moapa Power Plant from Duke Energy Corporation. The total cost of the Project is estimated at $558 million, including the $182 million payment to Duke.

The Moapa Project is located about 20 miles northeast of Las Vegas in the Moapa Valley. The natural gas-fired project consists of two, 600 MW combined cycle plants and will be connected to the Kern River Pipeline. The plant is roughly 50% complete, with the gas and steam units already set on their foundations.

This summer, Nevada Power filed an amended Integrated Resource Plan (IRP) with the PUCN to incorporate the Moapa Project and requested a 15.25 percent return on equity - well above the 10.25 percent allowable rate of return set earlier this year by the PUCN. In the final order issued September 17, the PUCN deemed the plant a "critical facility" and provided Nevada Power an additional 2 percent return on equity on construction costs. Furthermore, an additional 1 percent incentive for timely completion of the plant was approved. Specifically, the plant's two units are to be on line by March 31, 2006, and June 30, 2006.

The order also includes a requirement for Nevada Power to include a green power pricing tariff in its 2005 general rate case that would allow customers to pay for power generated through renewable energy resources. Nevada Power was recently granted a waiver after failing to meet Nevada's renewable energy standards this year.

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