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

Some Creditors Allowed Second Vote on PG&E Bankruptcy Plan

LCG, Sep. 23, 2002--Following a vote tally on competing bankruptcy reorganization plans for Pacific Gas & Electric, U.S. Bankruptcy Judge Dennis Montali will allow some rank-and-file creditors to re-cast their votes.

While the recent vote was found to be in favor of the utility's plan, a revised version of a plan developed by the California Public Utilities Commission was supported by the official creditors' committee. Montali has agreed to allow a re-vote in some cases, but has not yet determined which creditors will be permitted to cast new ballots.

The method by which the voting would take place, or at what date, was not announced. Meanwhile, a trial to determine the legality and practicality of each plan will go ahead beginning on Nov. 12.
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