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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

Regulators Okay Narragansett Electric Rate Cut

LCG, Sept. 24, 2001--The Rhode Island Public Utilities Commission has approved a rate decrease for Narragansett Electric Co.'s Standard Offer service, the utility said Friday. The decrease will become effective on October 1.

More than 99 percent of Narragansett's customers are on Standard Offer service.

On August 28, Narragansett asked the commission for the rate decrease to reflect more accurately the current cost of power it purchases on behalf of its customers. The lower prices are a direct result of the recent decline in the price of oil and natural gas.

The typical residential Standard Offer customer using 500 kilowatt-hours of electricity per month will see an 8.1 percent reduction in the overall bill, or $5.38 per month. Business customers who take Standard Offer service will see reductions of from 8.1 percent to more than 10 percent, depending on their usage and rate structure.

"Last year, Narragansett Electric had to increase prices as a result of the extraordinary increases in the price of fuel that is used by power suppliers to generate electricity," said Michael Ryan, an executive vice president. "Over the last year, the commission demonstrated foresight during that period to allow us to recover power supply costs as they were incurred. As a result, we are now able to pass along to our customers the benefits of the recent dramatic reductions in power supply costs."

The company serves about 460,000 customers in Rhode Island, and is a subsidiary of National Grid Plc of Great Britain.

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