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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

Florida Power & Light Will Cut Rates

LCG, March 14, 2002-The Florida Power & Light Company came to an agreement with Florida officials and electricity consumers, allowing for a 7 percent decrease in electricity rates over the next four years.

A subsidiary of the FLP Group Inc., the Florida company announced that the rate cut will reduce base charges by $250 million and fuel charges by $200 million per year. The plan requires the company to turn over revenues that exceed a specified amount, $450 million for 2002, to Florida customers.

The decision has yet to be approved by the Florida Public Service Commission.

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