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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

Ontario Energy Minister Reconsiders Coal Fleet Shutdown

LCG, December 3, 2004--Ontario Energy Minister Dwight Duncan indicated that the government may not entirely follow through on its previous commitment to close Ontario's 7,600 MW of coal-fired power plants prior to 2008 in order to reduce emissions.

With the loss of the coal stations, Ontario is facing shortfalls in power generating capacity. The first planned station shutdown of the 1,150 MW Lakeview Station in April of 2005 remains unchanged; however, the outlook for shutting down the other stations is now less certain. The ministry has raised concerns regarding the ability to maintain adequate reserve margins, as well as with transmission constraints that may necessitate retaining the 4,400-MW Nanticoke Station. "I think having some furnace or furnaces on reserve . . . is prudent," Mr. Duncan said Wednesday.

The government has been actively pursuing new supplies to enable the coal fleet to be shut down. In August, the government announced that it was evaluating building a 1,250 MW transmission line to Ontario from the proposed Conawapa hydro project on Manitoba's Nelson River. The government issued a Request for Proposals (RFP) in June for 2,500 MW of new generation and/or conservation in Ontario, as well as an RFP for 300 MW of new renewable energy capacity in April.

Furthermore, the government gave approval in July to Ontario Power Generation to proceed with a nuclear project, budgeted now at $900 million, to refurbish and restart unit 1 at the Pickering A Generating Station located east of Toronto. That decision was driven in part by the estimate that the 515 MW nuclear unit could begin producing power in just 15 months - more rapidly than other alternatives - to support the government's planned closure of the coal fleet.

The approval to proceed with unit 1 follows a troublesome past with Pickering refurbishment efforts. The first of four Pickering A reactors returned to service in September 2003, more than two years late and at a cost nearly three times that approved by the Board of Directors of OPG.

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