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AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

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Industry News

Niagara Mohawk Cuts Rates to Gain Merger Approval

LCG, Jan. 18, 2001Merger partners Niagara Mohawk Holdings Inc. and National Grid Group Plc of the United Kingdom yesterday asked the new York State Public Service Commission to approve a merger between the two companies and tossed in a $132 million electricity delivery rate cut for Niagara Mohawk customers to make it more palatable.

"We hope this will smooth regulatory approval," Niagara Mohawk senior vice president William Edwards told a news conference. "It is reflective of what Niagara Mohawk and National Grid can do together."

The reduction in delivery charges would offset to some degree a rise later this year in charges for the electricity itself. Prices for power are forecast to rise between 8 percent and 12 percent in September.

Niagara Mohawk said it hopes to have state approval for the merger by June 1. Spokesman Nicholas Lyman said filings have been made with the Justice Department and the Federal Trade Commission. Approval will be sought from the Securities and Exchange Commission following receipt of state approval.

He said the companies would seek approval from the Federal Energy Regulatory Commission later this month or in February.

Niagara Mohawk Holdings is parent company of Niagara Mohawk Power Co., the second-largest combined natural gas and electric utility in New York.

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