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DOE Issues Final Loan Guarantees for Vogtle Nuclear Power Project

LCG, June 25, 2015-The Department of Energy (DOE) announced yesterday that it will issue $1.8 billion in loan guarantees to three subsidiaries of the Municipal Electric Authority of Georgia (MEAG Power) to support the construction of two advanced nuclear reactors at the Alvin W. Vogtle Electric Generating Plant, located in Georgia near the South Carolina border. The new units, Units 3 and 4, are expected to commence operations in 2019 and 2020, respectively.

Opening Ceremony Held for the 576-MW Gwynt y Môr Offshore Wind Farm

LCG, June 19, 2015-The inauguration ceremony for the world's 2nd largest offshore wind farm, Gwynt y Môr, occurred yesterday, with an official dedication by Carwyn Jones, First Minister of Wales. The wind farm, located eight miles offshore in Liverpool Bay, includes 160 wind turbines with a combined electric generating capacity of 576 MW. The $3.3 billion wind farm investment is shared by RWE (60 percent) and its partners in Gwynt y M?r, Stadtwerke M?nchen (30 percent) and Siemens (10 percent).

Industry News

Gadsby Plant in Utah to Expand

LCG, Feb. 6, 2002--Growing demand for power in Utah caused the Utah Public Service Commission to approve an expansion of the Gadsby Power Plant, close to Salt Lake City.

Utah Power plans to begin work next week on an $80 million, 120-megawatt expansion of the gas-fired plant. The company wants to have the upgrade completed by summer, when demand should hit its annual peak.

The expansion of the existing plant was seen as the best way to avoid wholesale power price surges on the open market, and approved by Utah's Committee of Consumer Services as well as the Division of Public Utilities.

The PSC chairman, Stephen Mecham, noted that the cost of building the expansion is not guaranteed to be repaid through customer bills. He said, "when they go to recover the costs in a future rate case the company will have to show the costs it incurred were reasonable."


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