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

NRC Approves License Extension for PSEG Nuclear's Hope Creek Generating Station

LCG, July 21, 2011--The U.S. Nuclear Regulatory Commission (NRC) yesterday approved PSEG Nuclear's request to extend the original, 40-year operating license for Hope Creek Generating Station an additional 20 years. With the extension, the 1,216-MW nuclear power plant will be licensed through 2046. PSEG Nuclear filed its request to extend the license nearly two years ago in August 2009.

The NRC approved at the end of June a similar, 20-year extension for PSEG's adjacent Salem Generating Station Units 1 and 2 through 2036 and 2040, respectively. Salem Units 1 and 2 each have a net generating capacity of approximately 1,175 MW. PSEG's three nuclear units provide a significant quantity of base load, carbon-free electricity to consumers in the area.

PSEG Nuclear continues to pursue constructing another nuclear plant in Salem County. In May 2010, the company filed an application for an early site permit (ESP) and expects an NRC decision by the end of 2013.
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