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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

Canadian Plan Could Put Some Gas Wells Off-Limits

LCG, July 7, 2003--The announcement by the Alberta Energy and Utilities Board (AEUB) that gas wells in northestern Alberta could be shut in led to a three-day gathering last week of gas producers and developers of oilsands for hearings by the board.

In many locations, natural gas and oilsands are found layered on top of one another, and therefore, those planning to extract either resource will be affected by the final decision. Based on current scientific knowledge, the degree to which they would be harmed or benefitted is under debate. The board bases its proposal on the idea that extraction of gas will decrease pressure that is needed to extract oilsands.

Various oilsands developers are on opposite sides over the decision, which would affect roughly 900 wells, or 2 per cent of Alberta's remaining reserves. Some developers of oilsands, such as Imperial Oil, Petro-Canada and Nexen Inc., do not oppose the plan. Some of these companies would plan to use steam to force oilsands out of the ground. Petro-Canada is concerned that if the proposal is not enforced, the company could lose the ability to extract between 600 million and 1.5 billion barrels.

The question of how the board arrived at its decision and whether it was fair was raised by Paramount Energy Trust, which has said compensation awarded for the loss of its access to gas wells could be substantial. Petrocan estimates the bitumen deposits' value greatly outweighs the value of natural gas, representing "over a trillion dollars' worth of bitumen".
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