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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

Ontario Announces Agreement Reached to Refurbish Nuclear Power Plant

LCG, October 19, 2005--The Ontario Ministry of Energy announced on Monday that it has reached an agreement with Bruce Power to refurbish and restart Units 1 and 2 of the Bruce A Nuclear Power Station near Kincardine in southwestern Ontario. The two, 750-MW nuclear units commenced operations in 1977 and were shut down in 1995 and 1997 by the prior owner, Ontario Power Generation (OPG). Restarting the two units is subject to environmental and licensing approval by the Canadian Nuclear Safety Commission (CNSC).

With the new agreement, Bruce Power is expected to spend approximately C$2.75 billion to refurbish and restart the two units. One of the two units is planned to return to service in 2009. Additional investments will also be made to refurbish Unit 3 when it reaches the end of its operational life and to replace the steam generators in Unit 4. In total, it is estimated that Bruce Power will invest C$4.25 billion.

In March 2005 the government of Ontario announce that it had reached a tentative agreement with Bruce Power to restart Units 1 and 2. At that time, the agreement was approved in principle by the boards of directors of the major partners of Bruce Power: Cameco Corporation, Transcanada Corporation, and BPC Generation Infrastructure Trust.

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