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

Bankruptcy Court Will Hear PG&E Utility Case Nov 18

LCG, September 26, 2002-The bankruptcy court in charge of California utility Pacific Gas & Electric utility's case will begin confirmation hearings November 18.

The utility, a unit of PG&E Corporation, announced bankruptcy last year when price discrepancies between wholesale and retail electricity brought the utility into financial instability.

The California Public Utilities Commission and the utility came up with separate recovery plans for the utility, and creditors to the utility voted on which of the two plans they would support. The PUC's plan involved keeping the utility's assets under California law, whereas the utility's plan involved splitting up assets into several companies, all but one of which would fall outside of the state's control.

The outcome of creditors' voting favored the utility's plan, but because the vote was not 100 percent in favor, the bankruptcy court will hear both plans.

In court today, the PUC requested that the court postpone its confirmation hearing because of a Ninth Circuit Court of Appeals decision regarding an agreement between the PUC and another California utility, Southern California Edison. The Ninth Circuit found that the SCE and PUC settlement was unlawful; their agreement allowed billions of dollars to be recovered from ratepayers by overcollections. The Ninth Circuit's decision threw the legality of certain aspects of the PUC's plan for Pacific Gas & Electric into question.

Pacific Gas & Electric serves 24 million customers in Northern California.

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