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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

AEP Ohio Issues RFP for 400 MW of Solar Electric Generating Capacity

LCG, October 20, 2017--AEP Ohio, an American Electric Power (AEP) company, Tuesday issued a Request for Proposals (RFP) for up to 400 MW of solar energy resources in Ohio. Proposals are due December 18, 2017. The target date for the start of commercial operation for the solar resources is December 31, 2021.

AEP Ohio committed to pursue the development of 400 MW of solar and 500 MW wind generation resources in an agreement approved by the Public Utilities Commission of Ohio (PUCO) in 2016. AEP Ohio or AEP affiliates will have the right to own up to 50% of such projects on an aggregate net basis. The renewable energy projects must be approved by the PUCO.

Proposals will be evaluated based on criteria outlined in the RFP, including preference given to sites that are located in Appalachian Ohio, create permanent manufacturing jobs in the region and commit to hiring Ohio military veterans.

The minimum nameplate bid size for this RFP is 50 MW. Bidders may aggregate multiple sites in a single Proposal (with a single Bid Price) in order to satisfy the minimum bid size, provided that the minimum size for any site in an aggregation group is 10 MW. The Renewable Energy Purchase Agreement (REPA) will have a 20-year term.

AEP Ohio customers currently receive renewable generation service through long-term power purchase agreements (PPAs) with the 10 MW Wyandot Solar Farm and the 100-MW Fowler Ridge and 99-MW Timber Road wind farms.
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