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New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

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Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

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Industry News

Six Firms Qualify for Brazil's Cesp Auction

LCG, May 11, 2001The energy secretariat of Sao Paulo state in Brazil said yesterday that a Brazilian utility and five foreign firms have qualified for the May 16 auction of Cesp Parana, which provides about half of the electric power consumed in Brazil's most populous state.

Attempts to auction Cesp fizzled last year when all bidders withdrew at the last minute, citing risks in the utility's debt portfolio and its inability to fill the reservoir behind one of its largest hydroelectric facilities. Most of the companies problems have been resolved, observers say.

Base price for next Wednesday's auction has been set at 1.74 billion reals ($765 million U.S.), the same price in reals as last year's attempt. The price is lower in U.S. dollars, however, because of sharp declines in the Brazilian currency against that of the U.S.

A spokeswoman for Sao Paulo state said Duke Energy Corp., AES Corp. and NRG Energy Inc. of the U.S.; Electricit de France, and Electricidade de Portugal qualified to bid for Cesp. Minas Gerais state utility Cemig, which was restricted from bidding for a controlling stake in Cesp, was authorized to participate provided that it forms a bidding consortium with another firm.

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