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Tampa Electric Plans to $800 Million Investment in New Solar Power Generation

LCG, February 24, 2020--Tampa Electric recently announced plans to expand its use of solar power to meet customer needs in Florida. The company plans to invest approximately $800 million to add 600 MW of solar electric generating capacity by the end of 2023, when the total solar capacity would exceed 1,250 MW. Solar power will then account for about 14 percent of the utility's energy.

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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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Industry News

NRG Energy Inc. Wins Contract Termination

LCG, June 3, 2003-Yesterday, a Federal judge found NRG Energy Inc.'s contract with Connecticut Light & Power Co. subject to termination.

NRG recently declared bankruptcy and as part of its reorganization, the company notified Connecticut Light & Power that it would stop providing electricity to the utility. NRG contends that its contract with CL&P cost the company $500,000 per day. However, NRG gave the utility just a few days notice of its intention to stop service.

As a result, the Federal Energy Regulatory Commission ordered NRG to continue supplying energy according to the contract until the contract could be properly examined.

Judge Prudence Carter Beatty, who is overseeing the bankruptcy proceedings, found that the contract was "burdensome to the estate," and that NRG can withdraw from its agreement.

Under FERC's order, NRG must still temporarily supply CL&P. The contract comprises 45 percent of the electricity CL&P supplies to its customers. A FERC judge could still order NRG to fulfill its contract through the end of the year. Judge Beatty noted that she would not attempt to overrule any FERC order.

NRG has been producing electricity according to the contract with CL&P for two years, and the agreement expires at the end of this year. The company contends that CL&P violated the contract last year.

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