Alliant Energy Announces Agreement to Build 210 MW Wind Farm in Iowa

LCG, July 19, 2018--Alliant Energy's Iowa utility subsidiary, Interstate Power and Light Company (IPL), and Invenergy announced Monday that the companies signed contracts by which Invenergy will complete development of the 210-MW Richland Wind Farm in Sac County, Iowa. Alliant Energy will construct and own the wind farm, which is scheduled to be completed by early 2020.

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New York Announces Plans to Procure Approximately 800 MW of Offshore Wind

LCG, July 13, 2018--The Governor of New York yesterday announced that the New York State Public Service Commission (PSC) has agreed upon plans for the state's first procurements of offshore wind to support New York's goal of installing 2,400 MW of new offshore wind generation by 2030. The new capacity will be important to achieving New York's goal of satisfying 50 percent of its energy requirements with renewable energy by 2030. The goal is part of the Governor's Clean Energy Standard, which was adopted by the PSC in 2016.

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Industry News

EquiPower Plans to Retire 1,492-MW Brayton Point Power Station in Massachusetts

LCG, October 15, 2013--EquiPower Resources, a unit of Energy Capital Partners unit, announced last week that it has decided to retire the 1,492-MW Brayton Point Power Station in Massachusetts as of May 2017. The company stated that it has notified ISO New England, the grid operator.

EquiPower stated that the decision is driven by low electricity prices caused in part by low natural gas prices and the significant investment costs required to comply with environmental regulations and operate and maintain the power station. Moreover, lack of success in New England's capacity market reduced the economic outlook for the power station.

"We regret that we were not able to obtain approval from ISO New England to participate in the ISO New England forward capacity market at price levels that would allow Brayton Point to remain viable," stated the CEO and President of Brayton Point Energy LLC.

Brayton Point Power Station includes three coal-fired units and one oil- or gas-fired unit. Commercial operations of the first unit commenced in 1963.

Last March, Dominion announced its agreement to sell Brayton Point Power Station, along with two other power stations, to Energy Capital Partners. Dominion had owned Brayton Point since 2005, after purchasing the facility from PG&E.

The other two power stations in the transaction are Kincaid Power Station, a 1,158-MW power station in Illinois, with two 579-MW coal-fired units; and Elwood Power Station, a 1,424-MW power station near Chicago, with nine natural gas-fired combustion turbines. Dominion had owned a 50 percent interest (712 MW) in and operated the station since Elwood became operational in 1999.

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