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

Rate Cap Would Kill Us, Puget Sound Energy Says

LCG, Jan. 30, 2001--Puget Sound Energy, the utility subsidiary of Puget Energy Inc. of Washington State, said yesterday that a proposal by state regulators to cap electric rates for some large industrial customers would jeopardize its ability to pay for power and natural gas for all of its customers.

Richard L. Hawley, the utility's chief financial officer, yesterday told a hearing of the Washington Utilities and Transportation Commission "This (proposed) rate cap puts in jeopardy PSE's ability to meet its financial obligations and, consequently, its public service obligation to customers."

Hawley called the proposed rate cap a "subsidy to industrial customers" and said it, added to a tightening of credit resulting from the problems of California utilities, "would result in PSE simply not having access to the money it needs to continue to provide services."

Hawley pointed out that "California has been a textbook example of what happens when a utility's financial health is ruined.Service to customers is threatened because loss of utility credit ratings makes it impossible to findmoney to pay for the energy required to keep the lights on and homes warm."

Puget Sound Energy said it had offered the commission an alternative proposal that would let its big industrial customers individually negotiate with power suppliers over the price of their electricity and the length of a supply contract. The utility would facilitate the agreement and deliver the power.

"This is the solution that should be acted upon," Hawley told the regulators.

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