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TVA Board Votes to Retire Over 2,000 MW of Coal-fired Generation

LCG, February 14, 2019--The Tennessee Valley Authority (TVA) Board voted today to retire both the Paradise Unit 3 and Bull Run coal-fired power plants within the next few years. The closures will reduce the TVA fleet electric generating capacity by 2,031 MW.

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MHPS to Supply Three J Class Turbines for Power Project in Virginia

LCG, February 8, 2019--Balico, LLC and Gemma Power Systems selected Mitsubishi Hitachi Power Systems Americas (MHPS) and its J Class turbines for the 1,600-MW Chickahominy Power Station project in Virginia. The combined cycle power plant will deliver power into the PJM regional transmission grid and is scheduled for completion in 2022.

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Industry News

California Poised to Authorize Legislation to Reduce Greenhouse Gas Emissions

LCG, August 31, 2006--California is poised to approve legislation intended to
reduce greenhouse gas (GHG) emissions. Assembly Bill 32, or the "Global Warming
Solutions Act of 2006," incorporates the goal Governor Schwarzenegger set last
year to reduce GHG emissions to 1990 levels by 2020.

After extensive negotiations between Democratic lawmakers and Governor
Schwarzenegger, the bill is now expected to be sent to the Governor for approval
by midnight on today, when the legislative session ends. The Governor has
agreed to sign the bill.

The legislation includes a statewide cap on GHG emissions from electric utilities, refineries, and other selected industries. The program is scheduled for implementation in 2012. The goal is to reduce GHG emissions 25% by 2020 in order to alleviate concerns of global warming that may be caused by such emissions.

The California Air Resources Board would be responsible for developing the
regulations, including an as-yet-to-be defined trading system, plus a mandatory
reporting system to track emissions from the many sources. The bill would allow
for the governor to lift the cap for one year in the event of extraordinary
circumstances.

Related legislation that is anticipated to be sent to the Governor is Senate Bill
1368, which is designed to prevent California utilities from executing long-term
power purchase agreements for electricity from coal plants, which generally emit
the greatest quantity of GHGs (primarily carbon dioxide, or CO2) per unit of
electricity generated of any type of electric generating facility.

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