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FirstEnergy to Sell a Total of 1,572 MW of Competitive Natural Gas and Hydro Assets

LCG, January 20, 2017--FirstEnergy Corp. yesterday announced it has entered into an agreement to sell four competitive natural gas generating plants in Pennsylvania and its competitive portion of a Virginia hydroelectric power station to a subsidiary of LS Power Equity Partners III, LP, of New York for approximately $925 million in an all cash transaction. The combined capacity of the electric generating facilities sold totals 1,572 MW, including 713 MW of pumped-storage hydro capacity in the Bath County Pumped Storage Project.

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NRC Accepts TVA?s Early Site Permit Application At Clinch River Site for Small Modular Reactor

LCG, January 13, 2017--The Nuclear Regulatory Commission (NRC) yesterday announce that it has accepted for review the Early Site Permit (ESP) application for the Clinch River site near Oak Ridge, Tennessee. The Tennessee Valley Authority (TVA) submitted the application and associated information in May 2016.

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Industry News

Sempra Plans 600 Megawatts in Mexicali, Mexico

LCG, Feb. 22, 2001A subsidiary of utility holding company Sempra Energy Inc. said yesterday it would build a 600 megawatt natural gas-fueled power plant in Mexico, in the border town of Mexicali. Sempra values the project at $350 million and said the facility should begin commercial operation by the summer of 2003.

The plant, Termoelectrica de Mexicali, will be built by Sempra Energy Resources and would be connected to the California transmission system through a 230 kilovolt interconnect. Mexicali is 10 miles south of El Centro, Calif., and about 80 miles east of San Diego.

"Electricity from this new power plant can help alleviate California's energy crisis," said Donald Felsinger, Sempra Energy group president.

Natural gas fuel for the plant will be delivered through the new North Baja Pipeline, which will begin construction this summer. In order for Termoelectrica de Mexicali's power to be exported into California, permits will be required from the Mexican Energy Regulatory Commission and the U.S. Department of Energy, but not from California regulators.

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