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FGE Power Reaches Agreement to Finance and Construct 1,500-MW Natural Gas Project in Texas

LCG, July 23, 2014-FGE Power, LLC yesterday announced an agreement to partner with an affiliate of Starwood Energy Group Global LLC to finance and build two, 747-MW combined-cycle gas turbine facilities in Mitchell County, Texas. Phase I of the project, FGE Texas I, is planned to commence construction this fall and achieve commercial operations no later than early 2017. Phase II, FGE Texas II, will add an identical 747-MW power block, with construction to start in early 2015 and reach commercial operations by the summer of 2017. The FGE Texas Project (FGE Texas I and FGE Texas II) represents over $1.2 billion of direct investment.

Minnesota Power Reaches Settlement Agreement with EPA Over NSR Allegations

LCG, July 17, 2014-Minnesota Power, a utility division of ALLETE, Inc., announced yesterday that it has reached a settlement agreement with the Environmental Protection Agency (EPA) and the Minnesota Pollution Control Agency to resolve alleged violations of the New Source Review (NSR) provisions of the Clean Air Act. The agreement does not include any admission of wrongdoing on the part of the company. Minnesota Power is one of many utilities in the U.S. whose investments in electric generation facilities were reviewed as part of the EPA's Coal-Fired Power Plant Enforcement Initiative that began in 1999 and resulted in over 25 related settlements.

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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