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.

Read more

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.

Read more

Industry News

TVA's New Boss Says Agency up to Challenges

LCG, Sept. 11, 2001--Glenn McCullough, appointed by President Bush in July to run the Tennessee Valley Authority, ran his family's steel business, McCullough Steel Products. During his 12 years with the company, he served in several capacities, including sales manager, vice president, and president.

He will need that business background to guide the giant taxpayer-owned utility in an increasingly competitive environment and to get a handle on its enormous debt.

TVA chairmen, including McCullough, are political appointees, and many have earned their positions as rewards for past political services. Retiring Craven Crowell was a prolific Democrat Party fund raiser and a former press agent and chief of staff for a U.S. senator, for example.

TVA operates within an 80,000-square-mile service territory that includes within its "fence" most of Tennessee and parts of adjoining states. It holds captive some 158 electric distributors, many of which are itching to try getting power cheaper in a competitive market.

At the same time, private utilities on the outside are trying to knock a few boards out of the fence. McCullough says he is aware of the situation and wants to make sure that any holes in the fence aren't one-way.

In addition to the problems with looming competition, TVA has some fences to mend with environmentalists. Originally created to improve and maintain navigation on the Tennessee River and harness its hydroelectric potential, the agency branched out into coal-fired and nuclear power plants.

Both ventures have left TVA with problems. Two of its coal-fired plants are among the worst polluters in the United States. Its Chattanooga plant emits more oxides of nitrogen that any other U.S. industrial facility; its Cumberland City, Tenn., plant leads the nation in emissions of sulphur dioxide.

Unit 1 at TVA's Brown's Ferry nuclear plant in Alabama was shut down for refueling in March of 1985 and has never been restarted. Its Bellefonte nuclear plant, also in Alabama, was never completed. These two "assets" represent an enormous investment, which McCullough characterizes as "non-performing."

TVA directors want the staff to "come up with ways to make those assets perform," he said.

In addition to McCullough, who became a TVA director in 1999, the three-member board includes Knoxville businessman Bill Baxter, whose confirmation is pending in the U.S. Senate, and Skila Harris, a Democrat from Kentucky who once worked for Al Gore and the Energy Department and joined the board with McCullough three years ago.

McCullough thinks the three-member set-up works just fine and resists notions by some members of Congress to expand the membership with part-time directors. "We really don't function as a board so much as three CEOs," he said. "We are here every day. We are engaged day to day. On call 24 hours a day."

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service