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NextEra Energy Completes Purchase from Southern Company of Ownership Interests in Two Florida Power Plants

LCG, December 5, 2018--NextEra Energy announced yesterday that it completed the acquisition of Southern Company's indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida. The acquisition was previously announced in May of this year.

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Emera to Sell Three Combined-Cycle Power Plants in New England

LCG, November 29, 2018 --Emera Inc., headquartered in Halifax, Nova Scotia, announced this week that it has agreed to sell three natural gas-fired electric generating facilities that it owns in New England to the investment firm Carlyle Group for $590 million. The combined electric generating capacity of the three facilities is approximately 1,100 MW. The acquisition is expected to close in first quarter 2019.

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Industry News

Illinois House Approves Taylorville IGCC Coal Project

LCG, December 2, 2010--The Illinois State House Tuesday approved Tenaska's proposed Taylorville power project by a vote of 63 to 50. The project will employ Siemens AG's integrated gasification combined cycle (IGCC) technology to gasify Illinois coal for fuel to generate electricity in the planned 602-MW facility.

The Senate is now expected to vote on the project this week. Tenaska plans to commence construction on the $3.5 billion project in mid 2011.

Tenaska expects the coal gasification process will allow over 50 percent of the CO2 produced to be captured, thereby reducing the carbon emissions from the facility. The captured CO2 would then be sequestered, either by storing the CO2 underground in Illinois or transporting the CO2 via pipeline to Gulf Coast states, where it would be injected into oil fields to enhanced oil recovery.

The project, sited in Christian County, will utilize federal support. Tenaska stated that it is waiting for final approval on a $2.579 billion federal loan guarantee, and Tenaska plans to use a $417 million federal tax credit.
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