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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

FERC Judge Rules in Favor of PG&E Utility

LCG, September 3, 2002Federal Judge Vaughn Walker ruled late Friday that California utility Pacific Gas & Electric can circumvent state laws in order to recover from bankruptcy.

PG&E utility declared bankruptcy last year after high wholesale electricity prices and retail price caps left the utility financially unsound.

The utility came up with a plan to spread its assets to four companies, three of which would fall out of the jurisdiction of state regulators even though the assets were paid for with public money.

The U.S. District judge ruled that the utility could create the three companies without state approval and without environmental evaluation.

The California Public Utilities Commission, which opposes the utilitys plan, will appeal the decision, fearing that other companies may take advantage of the ruling to evade state regulation.

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