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New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

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Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

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Industry News

FirstEnergy Pursues State Legislation to Support Nuclear Plants in Ohio

LCG, February 24, 2017--FirstEnergy Corp. is pursuing legislation in Ohio to provide financial support to its two nuclear power plants, Davis-Besse and Perry, through a zero emission credits (ZECs) program. The financial support is sought to avoid premature retirement of the carbon-free electric generating facilities that have a combined capacity of 2,176 MW.

On Wednesday, FirstEnergy's president and chief executive officer stated, "We continue to assess and evaluate a number of strategic alternatives for our companies - for our competitive business, including asset sales, legislative or regulatory initiatives for generation that recognizes environmental or energy security benefits, alternatives for our retail business and financial restructuring."

Last year, state legislation with ZEC programs was passed in Illinois and New York to provide financial support and avoid early retirement of nuclear plants located in those states. The nuclear power plants are challenged to compete in a market with a growing number of combined-cycle plants fueled by low-cost natural gas. Furthermore, aggressive state renewable portfolio standards drive significant new installations of wind and solar capacity that reduce the net electricity load and dampen wholesale power prices. The New York Clean Energy Plan goal is 50 percent renewable energy by 2030, and the Illinois Renewables Portfolio Standard goal is 25 percent for 2026. In addition to providing clean energy with no carbon dioxide or other air emissions, the number of employees at the nuclear plants and the associated plant property taxes are a significant benefit to the counties in which the plants are located.
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