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.

Read more

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.

Read more

Industry News

Progress Energy Executes Contract for New Nuclear Station

LCG, January 6, 2009--Progress Energy yesterday announced that it signed a $7.65 billion contract for two planned nuclear reactors to be constructed at a greenfield site in Levy County near Crystal River, Florida. The contract scope includes nuclear engineering, procurement and construction (EPC) by Westinghouse Electric and The Shaw Group. The total cost of the nuclear power station is estimated to be over $17 billion.

Progress Energy Florida, a subsidiary of Progress Energy, plans to install two Westinghouse AP1000 reactors that each have a nominal electric generating capacity of 1,100 MW. The AP1000 design incorporates passive safety features that rely upon natural forces and was certified by the Nuclear Regulatory Commission (NRC) in 2006. The NRC is now reviewing a Westinghouse application, submitted in May 2007, to amend the certified design.

In April 2008, Progress Energy announced that it had executed a letter of intent with Westinghouse Electric and The Shaw Group Inc. to purchase long-lead materials for the nuclear reactors.

In July the Florida Public Service Commission approved the proposal submitted in March by Progress Energy Florida for a determination of need to build the two reactors, with the first reactor scheduled to be operational in 2016, and the second reactor in the following year.

On October 6, 2008, the NRC accepted for review, a combined construction and operating license (COL) application submitted in July by Progress Energy Florida for the new nuclear station in Florida.
Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service