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Xcel Energy Submits IRP to Provide Path to Achieve 100 Percent Carbon-free Energy by 2050

LCG, July 9, 2019--Northern States Power Company, doing business as Xcel Energy, submitted its 2020-2034 Upper Midwest Integrated Resource Plan (IRP) to the Minnesota Public Utilities Commission on July 1. Xcel Energy (Xcel) states that the IRP "charts the path toward achieving some of the most ambitious carbon reduction goals of any utility in the U.S. Specifically - we aim to reduce carbon emissions 80 percent by 2030, and provide 100 percent carbon-free energy by 2050."

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Interest in Eastern Offshore Wind Projects Rising

LCG, July 5, 2019--Two bills were introduced in the U.S. Senate last week to extend the federal Investment Tax Credit (ITC) for offshore wind energy. Federal subsidies, together with offshore wind technology advances and states' plans to increase renewables, may spur rapid investments in offshore wind.

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Industry News

South Field Energy Breaks Ground for 1,182-MW Power Plant

LCG, May 16, 2019--South Field Energy LLC announced yesterday its groundbreaking for an 1,182-MW, combined-cycle electric generating facility in Columbiana County, Ohio. The natural gas-fired facility is scheduled to commence operations in mid-2021 and represents a $1.3 billion investment.

The project is Advanced Power's second such project in northeastern Ohio and third major infrastructure project in the United States. The South Field Energy project is similar to Advanced Power's Carroll County Energy, a 700-MW combined-cycle facility that began commercial operations in December of 2017.

The South Field Energy facility will include two General Electric 7HA gas turbines, each with an associated GE heat recovery steam generator (HRSG) and steam turbine generator. When completed, the facility will employ approximately 25 full-time employees in engineering, technical, operation, management and administrative positions. The new facility is located on less than 20 acres of land that is part of a 150-acre parcel three miles from the Village of Wellsville.

Advanced Power's Chief Operating Officer, Development, stated, "With facilities like this, we can close the growing gap Ohioans face in energy production. We will accomplish this using advanced technology to produce substantial, reliable, low-carbon electricity generation, while minimizing our environmental footprint."

Bechtel is serving as general contractor for the project. Bechtel also served in the building of Advanced Power's Carroll County Energy Facility and Cricket Valley Energy Center in New York.

Advanced Power announced last August that it had successfully closed a $1.3 billion financing for the construction of the project.
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