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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

No Northwest Power Refunds, FERC Judge Says

LCG, Sept. 26, 2001--A Federal Energy Regulatory Commission administrative law judge said yesterday that wholesale power buyers in the U.S. Pacific Northwest are not entitled to any refunds on the high prices they paid for electricity between Dec. 25, 2000 and June 20 of this year.

The market worked properly in the Pacific Northwest when supplies were tight, said a 233-page report by FERC Administrative Law Judge Carmen Cintron.

In her report, Cintron said it was demand exceeding supply, and not market manipulation, that caused prices to soar. The effect of that simple economic law was worsened by a drought that cut available hydroelectric power almost in half and by high natural gas prices that made power more expensive to produce in conventional power plants.

"Under these circumstances the prices were not unreasonable or unjust and the refund should not be ordered in this proceeding," Cintron wrote in her decision.

The judge pointed up the differences between the markets in the Northwest and those in California, where the California Independent System Operator made power purchases to ensure reliability of most of that state's transmission grid and where the now-defunct California Power Exchange was the sole venue for the trading of power.

"I recommend that the Commission not order refunds in this case because the prices were not unreasonable and, unlike the California ISO/PX, the market is a competitive market," Cintron said in her recommendation.

Cintron further said in her report that FERC intervention in the Pacific Northwest market would have "a chilling effect on trading and would drive marketers out of the region," which could have the snowball effect of thinning market participants, liquidity and weakening reliability.

The judge said power buyers entered the market with their eyes open and chose willingly "to take the risk of high spot market prices."

"The Pacific Northwest was faced with an extreme and rare contraction in available supply. To accommodate the shortage, prices rose dramatically, but that is exactly what they are supposed to do," Cintron wrote.

The Pacific Northwest case was brought by municipal utilities including those in Seattle and Tacoma, Wash., and Eugene, Ore. Refunds were sought from power providers such as the federal Bonneville Power Administration and the Powerex Corp. unit of British Columbia's provincial utility BC Hydro.

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