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

Appeals of FERC's Decisions on Western Energy Contracts Planned

LCG, June 27, 2003--The Federal Energy Regulatory Commission's ruling upholding certain power contracts signed during the western energy crisis will be appealed by the state power-buying agency and major western utilities, although the likelihood that such appeals will succeed does not appear significant.

Companies selling power under long-term contracts said they are confident that an appeal before FERC will not result in a change in the regulatory agency's stance. The CEO and president of Sempra Energy, Stephen Baum, said that his company's position is supported by a prior ruling issued by the San Diego Superior Court. Besides California, Sierra Pacific Resources subsidiary Sierra Pacific Power Co., PacifiCorp, and Nevada Power Co. will file for rehearings, and will likely present their cases in court if FERC does not change its decisions.

FERC and the utilities disagree on whether contracts signed during a time when efforts at manipulation were apparently taking place should stand. While FERC upheld the contracts this week, it also issued "show cause" orders to 60 companies and utilities concerning their behavior in the power marketplace during 2000 and 2001. Sen. Dianne Feinstein, D-Ca., said that under the circumstances she found the rulings on contracts "incomprehensible." Sempra Energy Resources, one of the sellers to California's Department of Water Resources, said it might consider switching the terms of a contract for 1,900 megawatts over 10 years to a form that would allow the agency to pay for the quantity of power that it uses, rather than a pre-determined amount.
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