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Xcel Energy Submits IRP to Provide Path to Achieve 100 Percent Carbon-free Energy by 2050

LCG, July 9, 2019--Northern States Power Company, doing business as Xcel Energy, submitted its 2020-2034 Upper Midwest Integrated Resource Plan (IRP) to the Minnesota Public Utilities Commission on July 1. Xcel Energy (Xcel) states that the IRP "charts the path toward achieving some of the most ambitious carbon reduction goals of any utility in the U.S. Specifically - we aim to reduce carbon emissions 80 percent by 2030, and provide 100 percent carbon-free energy by 2050."

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Interest in Eastern Offshore Wind Projects Rising

LCG, July 5, 2019--Two bills were introduced in the U.S. Senate last week to extend the federal Investment Tax Credit (ITC) for offshore wind energy. Federal subsidies, together with offshore wind technology advances and states' plans to increase renewables, may spur rapid investments in offshore wind.

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Industry News

Court Ruling Supports Dominion's Plans for Exports at Cove Point LNG Terminal

LCG, January 9, 2013--In a court ruling made public on January 4, Dominion Resources Inc. retains the right to export liquefied natural gas (LNG) from its Cove Point, Maryland, facility on the Chesapeake Bay. The Circuit Court Judge rejected arguments by the Sierra Club that such exports violated a 2005 agreement.

With the court ruling, Dominion announced it will proceed with engineering, marketing and regulatory review processes to enable LNG exports from the Cove Point site. Dominion expects the liquefaction project to cost between $2.5 billion and $3.5 billion.

Dominion acquired the Cove Point facility from Williams in 2002 and began importing LNG via ships in the summer of 2003. In 2009, Dominion finished an expansion project that increased Cove Point's storage and production capacity by nearly 80 percent. With the drop in natural gas prices and ample gas supplies in North America, Dominion has reversed course and plans to modify the site to enable LNG exports.

The Circuit Court ruled that Dominion Cove Point's agreement with environmental agencies allows it to build liquefaction facilities inside the plant's fenced area and export LNG. The Sierra Club had maintained Dominion needed its permission to build the facilities.

Dominion's president and CEO stated, "Dominion has made considerable progress towards a project that will bring jobs and revenues to the national and local economies. We have received support from business, labor, government, community and environmental groups for a major construction project that would bring great benefits to many people. We look forward to working with the Sierra Club and other involved environmental groups to continue the outstanding record of environmental cooperation at Dominion Cove Point."

Last June Dominion filed a request with the Federal Energy Regulatory Commission (FERC) to start the pre-filing process in anticipation of filing an application this year.


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