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Duke Energy Renewables Announces Commercial Operations Achieved for 150-MW Solar Project

LCG, June 20, 2019--Duke Energy Renewables, a subsidiary of Duke Energy, yesterday announced that its 150-MW North Rosamond solar project in Kern County, California, has commenced commercial operation. The power produced from the project is being sold to Southern California Edison (SCE) under a 15-year agreement.

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ERCOT 2019 Summer Quarter Outlook

LCG, May 29, 2019-- LCG released a new summer (June – September 2019) report that looks at how the ERCOT grid copes with strained network conditions. Resource adequacy analysis for the region is especially important during extreme summer loading conditions. This summer the network is under particular scrutiny as the reserves have tightened because of recent retirements.

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Industry News

FutureGen Project Receives Positive Decision

LCG, July 16, 2009--The U.S. Department of Energy (DOE) on Tuesday issued a National Environmental Policy Act (NEPA) Record of Decision for the FutureGen coal gasification project to continue with financial assistance for the current phase of the project.

The 275-MW, electric generation project design incorporates coal gasification technology to convert coal into syngas that can be burned in a combined cycle facility. The design also calls for carbon capture and sequestration, with a goal of capturing 90 percent of the carbon emissions by the third year of operations. The carbon emissions will be injected into a deep saline geologic formation.

The project, which would be built in Illinois, is designed to demonstrate at a commercial scale how coal can be used for power generation without significant greenhouse gas emissions.

The Record of Decision is "based on careful consideration of the proposed project?s potential environmental impacts, as well as the program goals and objectives." With the decision, the FutureGen Alliance can proceed with site-specific activities for the project.

The DOE stated that, over the next eight to 10 months, the Alliance will complete a preliminary design, refine its cost estimate, develop a funding plan, expand the sponsorship group, and, if needed, conduct additional subsurface characterization. Once these activities are completed, the DOE and the Alliance will decide whether to continue the project through construction and operation.

The cost to complete the near-term activities is approximately $17.5 million. The estimated total cost of the project is $2.4 billion. According to the DOE, it anticipated contributing $1.073 billion to the project, plus $1 billion from Recovery Act funds for carbon capture and sequestration research. The Alliance's total anticipated financial contribution is $400 million to $600 million, based on a goal of 20 members each contributing $20 million to $30 million over a four to six year period.

FutureGen members now include Anglo American, BHP Billiton, China Huaneng Group, Consol Energy, E.ON AG's US unit, Foundation Coal Holdings Inc, Peabody Energy Corp and Rio Tinto.
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