Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

Georgia Power's IRP Approved with 1,600 MW of New Renewable Generation

LCG, July 29, 2016--Georgia Power Company, a Southern Company subsidiary, received approval from the Georgia Public Service Commission (PSC) for its Integrated Resource Plan (IRP) that includes the addition of 1,600 MW of renewable energy to its portfolio by 2021. The PSC also approved a revision of the Company's request to pass on and capitalize the costs of investigation and licensing costs for potential new nuclear units and to recover these costs from ratepayers in the future. Both proposals were approved by a 4-1 vote.

The new renewable energy portfolio will emphasize solar power, with the potential for up to 300 MW of wind power.

The approval of the nuclear proposal will allow Georgia Power to incur $99 million in costs for site suitability and Combined Operating License (COL) application development work for a nuclear plant in Stewart County in southwest Georgia. The motion includes the following conditions: the amount recorded for these activities will not exceed $99 million through the second quarter of 2019; Georgia Power will file a status report in its 2019 IRP; if the PSC determines in 2019 that any efforts to obtain a COL should be suspended or terminated, any cost incurred to that point in time will be deferred for recovery in a future rate case; the Company will file annual reports with the PSC updating the status of the investigation and development of the COL.

Georgia Power already operates two nuclear facilities: Hatch and Vogtle, both with two existing generating units. Plant Vogtle was constructed with the option to expand, and units 3 and 4 are now under construction, with operations expected in 2019 and 2020. Vogtle units 3 and 4 will be the first new nuclear units built in the U.S. in the last three decades and will be the first in the industry to use the Westinghouse AP1000 advanced pressurized water reactor technology.

A commissioner stated, "We've seen what happens when decisions are deferred, infrastructure crumbles and power is curtailed. We can debate the wisdom of the coal exodus but it must be replaced with something that is cost effective. Nuclear power remains among the lowest cost energy source, with a 92 percent reliability rating and it is carbon free. Nuclear deployment takes time and I refuse to sit on my hands."
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