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

PG&E Submits Revised Plan Designed to End Debts

LCG, March 11, 2002-On Thursday, PG&E filed an alternate plan for dealing with its bankruptcy. The first plan was rejected by Judge Dennis Montali because it allowed PG&E to preempt state law, splitting up PG&E's assets.

The new plan requires redistributing $8 billion worth of PG&E assets into three companies, yeilding much state control over to the federal government. This plan does not deviate much from the PG&E's earlier attempt to split itself up, although this time 78,000 acres of watershed land would remain in PG&E's hands; state and federal officials, environmental groups, and farmers were concerned that authority over these environmentally-sensitive lands might be handed over. PG&E still wants to preempt other state laws, however, including those prohibiting the sale or transfer of power plants until 2006.

The state has other plans for PG&E, and while the corporation believes its new filing will pull it out of debt and allow it to pay creditors, California says PG&E should use pre-existing funds to pay off its debt.

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