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.

Read more

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.

Read more

Industry News

PG&E Executes Contract with SolarReserve for 150 MW of Solar Power

LCG, December 23, 2009--SolarReserve yesterday announced a new power purchase agreement (PPA) with Pacific Gas and Electric Company (PG&E) for solar power generated from SolarReserve?s proposed Rice Solar Energy Project, a 150-MW facility to be built in Riverside County, California. Construction on the project is scheduled to commence in spring 2011, with operations planned to begin approximately 2 years thereafter.

The Rice Solar Energy Project will employ an advanced molten salt system from United Technologies Corp. The system will use thousands of mirrors to focus the sun's energy on a receiver set on top of a tower. The intense energy heats molten salt to over 1,000 degrees Fahrenheit within the receiver. The molten salt then flows into a thermal storage tank, from which it can be pumped to a steam generator. The steam drives a turbine to generate electricity. The incorporation of the storage system enables the solar power plant to deliver power when the sun is either shining or not, thereby improving its value in the electricity market.

SolarReserve's chief executive officer stated, "Throughout the process, we have worked hard to minimize the project's impact on local resources, which is why the project is being developed on privately-owned land that had been previously used as an air field. Further, the project will use a dry cooling system that minimizes water usage without significantly impacting the plant's operational performance."

The PPA is subject to approval by the California Public Utilities Commission (CPUC). California passed a Renewable Portfolio Standard (RPS) Program that requires utilities like PG&E to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year. In September, the Governor signed an Executive Order that increased the requirement to 33 percent by 2020 and that now applies to all utilities, including publicly-owned municipal utilities.
Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service