NextEra Energy Completes Purchase from Southern Company of Ownership Interests in Two Florida Power Plants

LCG, December 5, 2018--NextEra Energy announced yesterday that it completed the acquisition of Southern Company's indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida. The acquisition was previously announced in May of this year.

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Emera to Sell Three Combined-Cycle Power Plants in New England

LCG, November 29, 2018 --Emera Inc., headquartered in Halifax, Nova Scotia, announced this week that it has agreed to sell three natural gas-fired electric generating facilities that it owns in New England to the investment firm Carlyle Group for $590 million. The combined electric generating capacity of the three facilities is approximately 1,100 MW. The acquisition is expected to close in first quarter 2019.

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Industry News

Duke Starts Emission Control Upgrade Project at Belews Creek Steam Station

LCG, May 25, 2005--Duke Power Company, the regulated utility owned by Duke Energy Corp., initiated construction last week to add scrubbers that will reduce sulfur dioxide (SO2) emissions at its Belews Creek Steam Station. The station is the largest coal-fired power plant in North Carolina and one of the ten largest coal plants in the country.

Duke is scheduled to complete the flue gas desulfurization (FGD) project, with an estimated cost of $500 million, in 2008. The new equipment is expected to reduce SO2 emissions by up to 95 percent, with significant reductions in mercury emissions as well. Early last year, Duke completed the installation of a $450 million project at Belews Creek designed to reduce nitrogen-oxide (NOx) emissions by as much as 85 percent.

In addition to upgrading existing plants, Duke Power is active in planning new capacity. Earlier this month, Duke Power filed plans with the North Carolina Utilities Commission regarding the potential addition of 2,200 MW of generating capacity adjacent to three existing power plants, with total costs of more than $2.3 billion.

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