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NextEra Energy Completes Purchase from Southern Company of Ownership Interests in Two Florida Power Plants

LCG, December 5, 2018--NextEra Energy announced yesterday that it completed the acquisition of Southern Company's indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida. The acquisition was previously announced in May of this year.

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Emera to Sell Three Combined-Cycle Power Plants in New England

LCG, November 29, 2018 --Emera Inc., headquartered in Halifax, Nova Scotia, announced this week that it has agreed to sell three natural gas-fired electric generating facilities that it owns in New England to the investment firm Carlyle Group for $590 million. The combined electric generating capacity of the three facilities is approximately 1,100 MW. The acquisition is expected to close in first quarter 2019.

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Industry News

Competitive Power Ventures Holds Groundbreaking Ceremony for the CPV Fairview Energy Center

LCG, October 27, 2017--Competitive Power Ventures (CPV), GE and Osaka Gas on Tuesday held the groundbreaking ceremony for the CPV Fairview Energy Center, a 1,050-MW, combined-cycle project located approximately 60 miles east of Pittsburgh. The electric generating station is scheduled to commence commercial operations in early 2020, and the estimated cost of the facility is a $700 million.

The CPV Fairview Energy Center will use two of GE's 7HA.02 gas turbines, a GE steam turbine, generators and additional controls equipment. The HA is GE's largest and most efficient gas turbine. GE states that the HA technology can deliver full power to the grid in less than 30 minutes. The CPV Fairview Energy Center will be unique in that it is designed to be fueled by a mix of natural gas and ethane. The facility will be built on a site that was previously used as a petroleum storage terminal and for salvage operation.

The CPV President and CEO stated, "The CPV Fairview Energy Center will help modernize the grid and improve electric reliability while reducing our environmental footprint and creating significant economic development in the region. We are grateful for our strong partnership with GE and Osaka Gas, as well as the support we have seen from state and local officials notably that of Jackson Township who has welcomed us with open arms into the community."
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