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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

Texas Companies Admit Overscheduling

LCG, March 27, 2002-The names of five of the six Texas companies allegedly involved in overscheduling last year were made public on Monday.

Republican legislator Steve Wolens called on the Texas Public Utilities Commission to release the names of companies being investigated.

The sixth company cites market rules and refuses to publicly announce itself, although according to the Dallas Morning News, speculation has been focused on Enron as a likely candidate.

The other five companies are American Electric Power Company, Reliant Energy Inc., Mirant Corporation, Constellation Power Source, and TXU Corporation.

These five companies insist that overscheduling was accidental. Reliant says that the financial implications of their actions are insignificant. Mirant and Constellation have not commented on the size of their mistakes, and TXU announced Friday that it overscheduled by 5 percent and had refunded the $4 million it made from that 5 percent.

The Texas Public Utilities Commission says that the overscheduling has not had any serious effects on consumers. However, since providers are charged for congestion by market share, penalties could be unfairly allotted.

DD> Investigations of last year's market inconsistencies are ongoing.

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