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Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

Ontario Announces Agreement Reached to Refurbish Nuclear Power Plant

LCG, October 19, 2005--The Ontario Ministry of Energy announced on Monday that it has reached an agreement with Bruce Power to refurbish and restart Units 1 and 2 of the Bruce A Nuclear Power Station near Kincardine in southwestern Ontario. The two, 750-MW nuclear units commenced operations in 1977 and were shut down in 1995 and 1997 by the prior owner, Ontario Power Generation (OPG). Restarting the two units is subject to environmental and licensing approval by the Canadian Nuclear Safety Commission (CNSC).

With the new agreement, Bruce Power is expected to spend approximately C$2.75 billion to refurbish and restart the two units. One of the two units is planned to return to service in 2009. Additional investments will also be made to refurbish Unit 3 when it reaches the end of its operational life and to replace the steam generators in Unit 4. In total, it is estimated that Bruce Power will invest C$4.25 billion.

In March 2005 the government of Ontario announce that it had reached a tentative agreement with Bruce Power to restart Units 1 and 2. At that time, the agreement was approved in principle by the boards of directors of the major partners of Bruce Power: Cameco Corporation, Transcanada Corporation, and BPC Generation Infrastructure Trust.

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