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

Dairyland Power Cooperative Buys Share of New Coal Plant

LCG, December 6, 2004--Dairyland Power Cooperative, a regional power cooperative serving customers in Wisconsin, Minnesota, Iowa and Illinois, announced last week that it has purchased a 30 percent share of the planned Weston 4 power plant from Wisconsin Public Service Corporation, a subsidiary of WPS Resources. The additional supply purchase is designed to meet growing customer demands for electricity.

Construction on the 500-MW, coal-fired power plant, located near Wausau, began in October, and operations are planned to commence in 2008. The estimated cost of the plant is approximately $750 million. Dairyland's share would be 150-MW, with a cost of about $225 million. There are also three, existing units at the station that have a combined capacity of 510 MW. The new unit will use low-sulfur coal and state-of-the-art technologies.

The Public Service Commission of Wisconsin (PSCW) approved the 500-MW expansion on September 23, 2004. The project was announced two years ago and submitted to the PSCW a year ago. The new unit is the first project approved by the PSCW under a new law designed to streamline the approval process. The purchase is subject to financing and regulatory approval.

Dairyland evaluated the alternative of constructing a 400-MW coal plant at sites in Iowa and Wisconsin. The Weston 4 alternative can deliver power earlier than the other projects, which are now expected to be placed on hold.

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