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

NRG Sees No Legal Justification for FERC Ruling

LCG, July 25, 2003--A ruling by the Federal Energy Regulatory Commission that required NRG Energy to continue honoring a contract with Connecticut Light & Power seems to give insufficient recognition to other outstanding claims of the company as it attempts to restructure in bankruptcy, the company's lawyers told the agency.

FERC this week said that an explanation should be given for how the generating units would continue to operate if the company's bankruptcy led to its assets being liquidated. NRG stated in a letter that "the continued operation of NRG's generating assets, including those located in the Northeast, is among the highest corporate priorities," and that it is in continued communication with the Connecticut attorney general and CL&P. The attorneys questioned the requirement that an assurance that the units would continue to run, regardless of liquidation, should be provided.

At the same time, citing the danger that liquidation would be forced upon it, NRG said it had "an obligation to itself and its creditors to exhaust every possibility to shed the (CL&P contract) in accordance with the Bankruptcy Code." According to the company, it is losing $500,000 per day because of the costly contract.
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