Missouri PSC Approves Grain Belt Express HVDC Transmission Project

LCG, March 22, 2019--The Missouri Public Service Commission (PSC) approved a request filed by Grain Belt Express Clean Line LLC for a certificate of convenience and necessity (CCN) to construct, own, operate, control, manage and maintain a high-voltage, direct-current (HVDC) transmission line to move power east from wind farms in western Kansas to load centers in Missouri, Illinois and Indiana.

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FPL Targets 1,490 MW of Solar Capacity for New Community Solar Program

LCG, March 15, 2019--Florida Power & Light Company (FPL) Wednesday filed a proposal with the Florida Public Service Commission (PSC) for a new community solar program, FPL SolarTogether. Pending PSC approval, FPL plans to install 1,490-MW of capacity at 20 new solar power plants across FPL's service territory to meet anticipated customer enrollment in the program.

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Industry News

NRG Announces Plans for New Nuclear Reactors in Texas

LCG, June 22, 2006--NRG Energy, Inc. (NRG) announced yesterday plans to develop approximately 10,500 MW of new electric generating capacity in the United States, including 2,700 MW of new nuclear capacity. The plan would be implemented over the next ten years and would require a total estimated investment of $16 billion.

The plan calls for the construction of two nuclear reactors at the existing South Texas Project (STP) nuclear facility. NRG filed a letter of intent with the Nuclear Regulatory Commission on June 19 to add 2,700 MW of nuclear generating capacity. NRG's estimated construction cost for Units 3 and 4 is $5.2 billion, and operations for the two units are scheduled to commence in 2014 and 1015.

NRG's nuclear plans are based upon General Electric Company's Advanced Boiling Water Reactor (ABWR) nuclear power plant technology, which has been licensed in the United States, Japan and Taiwan. NRG stated that it intends to work with GE and Hitachi,(which has been involved in developing and constructing four ABWR plants in operation in Japan) to construct the nuclear power plants.

NRG's overall development plan calls for nearly 8,000 MW of new baseload capacity and 2,500 MW of new, highly efficient intermediate and peaking capacity. The new baseload capacity includes three coal-fired plants in the Northeast that will employ an advanced, Integrated Gasification Combined Cycle (IGCC) design. One of NRG's underlying strategies embedded in its plan is to add capacity adjacent to existing generating units to leverage existing infrastructure and generally minimize both incremental environmental impacts and costs.

NRG stated that the investments in new capacity will be underpinned by long term off-take contracts and hedges that support non-recourse project financing, together with third party equity partners and the Company's existing cash flows.

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