Xcel Energy, EVRAZ North America and Lightsource BP Announce 250-MW Solar Project in Colorado

LCG, October 1, 2019--Xcel Energy, EVRAZ North America and Lightsource BP announced Friday that they have reached a long-term agreement to develop a 240-MW solar facility in Colorado. Lightsource BP will finance, build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement (PPA). The project will be built on EVRAZ Rocky Mountain Steel property in Pueblo, making it the largest on-site solar facility dedicated to a single customer in the country.

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Duke Energy Plans to Pursue Second Nuclear Operating License Renewals for Nuclear Fleet

LCG, September 20, 2019--Duke Energy announced yesterday that it will seek to renew the operating licenses of the 11 reactors it operates at six nuclear stations in the Carolinas for an additional 20 years. The company plans to submit the license renewal application for Oconee Nuclear Station in 2021, followed by its other nuclear stations.

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Industry News

Sempra and Indonesian Co. May Strike LNG Deal

LCG, August 14, 2003BP Migas is planning to send representatives to the U.S. in order to sell liquefied natural gas to Sempra Energy.

Indonesia is one of the worlds leading LNG providers and recently signed a contract with Mexico for three to six million tons of LNG per year, starting in 2007. Indonesia currently exports over 23 million tons of LNG, mostly to Asia.

BP Migas intends to meet with Sempra at the end of August and hopes to sign a preliminary agreement regarding a possible LNG contract.

Meanwhile, several U.S. companies are looking into developing LNG terminals on the Pacific Coast of North America, particularly in Mexicos Baja California. Federal Reserve Chairman Alan Greenspan has endorsed such action, warning that a lack of natural gas may hamper economic recovery.

Currently LNG comprises only one percent of the nations consumed natural gas.

Sempra is based in San Diego, California and is the parent company to utility San Diego Gas & Electric.

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