Alliant Energy to Install More Wind Farms in Iowa

LCG, April 19, 2018--Alliant Energy's Iowa utility subsidiary, Interstate Power and Light Company (IPL), received approval to increase its wind expansion program from the Iowa Utilities Board (IUB). Through this expansion, combined with existing wind farms and market purchases, the company expects wind to provide approximately one-third of its total electric generating capacity in Iowa by the end of 2020.

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Wyoming Commission Approves Settlement Agreement for PacifiCorp Wind Expansion

LCG, April 18, 2018--The The Wyoming Public Service Commission last Thursday approved a settlement agreement between PacifiCorp, the Wyoming Industrial Energy Consumers, the Wyoming Office of Consumer Advocate and the Interwest Energy Alliance on the new wind and transmission portions of PacifiCorp's Energy Vision 2020 proposal. The commission also approved the Certificates of Public Convenience and Necessity (CPCNs) that are needed for construction of the Wyoming-based wind and transmission projects. Pending approval from other state commissions, acquisition of rights of way, and receipt of permits, construction on the wind and transmission projects is expected to start in 2019.

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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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