EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

Read more

Industry News

Oklahoma's Attorney General May Hinder Development of 2,000-MW Wind Catcher Project

LCG, August 17, 2017--The Attorney General of Oklahoma's public utility division filed a motion last Friday calling for the Oklahoma Corporation Commission to dismiss a preapproval case for Public Service Company of Oklahoma's Wind Catcher project, a planned 2,000-MW wind farm than includes construction of an approximately 350-mile, dedicated, extra-high voltage electric transmission line to deliver the renewable energy to customers.

The motion states that the Public Service Company of Oklahoma (PSO) did not follow competitive bidding rules and has not shown the need for new generation resources. Furthermore, the motion states, "The Attorney General's full participation is essential, as PSO's customers are at risk to bear the $1.36 billion cost of the Wind Catcher project if the commission grants PSO's requested relief."

American Electric Power (AEP), the parent to utility subsidiaries PSO and Southwestern Electric Power Company (SWEPCO), last month announced plans to acquire the Wind Catcher project, located in the Oklahoma panhandle. The project developer is Invenergy, and the project will include 800 GE 2.5-MW turbines. Construction began in 2016, and the project is expected to be fully operational in mid-2020. Invenergy is contracted to operate the facility for the first five years. Once completed, the project is expected to be the largest, single-site wind project in the United States.

AEP's announcement estimates the total investment for the project will be $4.5 billion, inclusive of all costs. AEP expects the project to save SWEPCO and PSO customers more than $7 billion, net of cost, over 25 years.

AEP's chairman, president and chief executive officer stated, "AEP is moving to a cleaner energy future, driven by new technologies and the expectations of our customers and shareholders. We are diversifying our generation mix to include more renewables, and we're also investing in a smarter, more efficient and resilient electricity grid to support these new resources and technologies. This project is consistent with our strategy of investing in the energy resources of the future, and it will save our customers money while providing economic benefits to communities."

As announced, SWEPCO will own 70 percent of the project, including 1,400 MW of wind capacity. PSO will own 30 percent of the project, including 600 MW of wind capacity. The project is subject to regulatory approvals in Arkansas, Louisiana, Oklahoma and Texas, along with the Federal Energy Regulatory Commission (FERC).

The PSO's request for preapproval estimated the project would cause an $80 million increase in annual rates to pay for PSO's share of the Wind Catcher infrastructure, but that the higher costs would be more than offset by federal wind production tax credits (PTC) and fuel savings.
Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service