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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

FPL Commissions DeSoto Next Generation Solar Energy Center

LCG, October 28, 2009--FPL Group and Florida Power & Light Company (FPL) officials yesterday commissioned the DeSoto Next Generation Solar Energy Center. The 25-MW project is now the largest photovoltaic (PV) solar facility operating in the United States. FPL began construction on the project in late February of this year.

The DeSoto Next Generation Solar Energy Center employs over 90,000 SunPower PV panels that incorporate the SunPower Tracker technology, which moves the panels so as to follow the sun throughout the day and increase the solar energy converted to power. FPL stated that the $150 million total project cost will represent an average of only 6 cents on a typical customer?s monthly bill over the lifetime of the plant.

FPL is now pursuing the necessary approvals to expand the capacity of the DeSoto Next Generation Solar Energy Center up to 300 MW.

Construction activities are also underway on a similar project, the Space Coast Next Generation Solar Energy Center, located at the Kennedy Space Center in Florida. The 10-MW, solar PV power project is a public-private partnership between FPL and NASA and will use approximately 35,000 solar PV panels installed over 60 acres. FPL has completed a 1 MW array for use by NASA at the location.
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