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New York Announces 1,700 MW of New Offshore Wind Projects and 70 Percent Renewables Requirement by 2030

LCG, July 22, 2019--The Governor of New York announced last Thursday that the State has executed the nation's largest offshore wind agreement - totaling approximately 1,700 MW - in U.S. history. The Governor also signed the Climate Leadership and Community Protection Act (CLCPA), which includes a mandates of 9,000 MW of offshore wind by 2035, 70 percent renewable energy by 2030, plus a Zero-Carbon Emission Electric Sector by 2040.

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Georgia PSC Approves Georgia Power's 2019 IRP

LCG, July 18, 2019--The Georgia Public Service Commission (PSC) has unanimously approved Southern Company subsidiary Georgia Power's 2019 Integrated Resource Plan (IRP), which was submitted in late January.

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Industry News

Ontario Makes the Shortlist

LCG, August 10, 2005--Ontario's Ministry of Energy announced yesterday that it was selected by Newfoundland and Labrador to proceed to the second phase of the bid evaluation of proposals to develop hydroelectric facilities to meet the provinces long-term, electric needs. Proposals from TransCanada Corp. and Tshiaskueshish Group, a consortium that includes Macquarie North America, Innu Development Limited Partnership, Peter Kiewit Sons and Innu Kiewit Constructors, will also proceed to phase two. The province received 25 submissions to its Expressions of Interest and Proposals (EOI) issued in January.

Ontario's proposal is a joint proposal with Hydro-Qubec and SNC-Lavalin to develop hydroelectric generation facilities that would add 2,824 MW of capacity on the Lower Churchill River in Labrador. The project, previously estimated by Hydro-Quebec to cost in the neighborhood of $9 billion, would include a 2,000-MW dam at Gull Island and an 824-MW dam at Muskrat Falls, about 40 miles downstream. Montreal-based SNC-Lavalin Inc. would be responsible for construction. Hydro-Qubec would accelerate construction of a 1,250-MW interconnection with Ontario so as to be in service by 2009. In addition, Hydro-Qubec has indicated a willingness to provide Ontario with 670 MW of power, which is Ontario's estimated share of Gull Island's generation, by 2011. The goal of the province of Newfoundland and Labrador is for the entire project to be operational by 2014.

The planned evaluation process is divided into a number of phases. The second phase of the process will address the feasibility of the proposals and related alternatives, as well as commercial aspects of the deal. Negotiations with the best candidates will follow in phase three, and final negotiations will occur in phase four. Three potential financing proposals will also proceed to phase two of process.

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