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Impacts of COVID-19 Virus on Electricity Demand

LCG, March 27, 2020 -- Jeremy Platt, an energy scientist, Palo Alto has made some early analysis of impact of COVID -19 on electricity demand using the grid operators data published by LCG. Data from several areas of the country offer early and near real-time views of impacts of the economic slowdown due to evolving regional and statewide coronavirus mitigation strategies.

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California PUC Targets Doubling Renewable Energy by 2030

LCG, March 27, 2020--The California Public Utilities Commission (CPUC) yesterday unanimously approved a new emissions target for its electric sector that would double California's clean energy capacity through 2030 and effectively block new natural gas-fired electric generating facilities.

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Industry News

Southern Gets SEC Okay to Form New Unit

LCG, Jan. 10, 2001The Southern Co. said yesterday that it has received final approval from the Securities and Exchange Commission to form a new subsidiary that will own, manage and finance wholesale generating assets in the Southeast U.S.

Southern Co. said the new subsidiary, which will carry the legal name of Southern Power Co., will be the primary growth engine for its market-based energy business. The company said its goal is to increase income from the new subsidiary by 15 percent annually so that in five years Southern Co. earnings from wholesale market sales will more than double.

"We expect that this will allow us to move faster and more aggressively in seizing wholesaleopportunities throughout the South," said Charles McCrary, Southern Company chief productionofficer and president of Southern Company Generation.

By 2005, plans call for the new subsidiary to have developed or acquired more than 7,500megawatts of generation dedicated to the competitive wholesale business. Within 10 years, the new wholesale generating company is expected to own more than 15,000 megawatts of capacity, the company said.

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