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Massachusetts Poised to Target More Offshore Wind

LCG, August 2, 2018--The Massachusetts Legislature approved H4857, An Act to Advance Clean Energy, on Tuesday that includes: an increase in the Massachusetts Renewable Portfolio Standards (RPS) goals to 35 percent by 2030, a 1,000 MW energy storage goal by 2025, and a path to install an additional 1,600 MW of offshore wind capacity. With the current goal of installing 1,600 MW of offshore wind capacity, the total offshore wind capacity would be 3,200 MW. The legislation will now be received by the Governor of Massachusetts.

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Pattern Development Completes Power Purchase Agreements for 200 MW Wind Project in New Mexico

LCG, August 1, 2018--Pattern Energy Group 2 LP (Pattern Development) yesterday announced it has signed 15-year power purchase agreements (PPAs) with Silicon Valley Clean Energy (SVCE) and Monterey Bay Community Power (MBCP) to deliver wind power from the 200 MW Duran Mesa Wind project currently in development near Corona, New Mexico. SVCE has signed a PPA for 110 MW, and MBCP has signed a PPA for 90 MW.

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Industry News

FirstEnergy Solutions Files Certification Letter with NRC Affirming Plan to Close Nearly 4,050 MW of Nuclear Generating Facilities

LCG, April 26, 2018--FirstEnergy Solutions (FES), a competitive generation subsidiary of FirstEnergy Corp., yesterday announced that it has filed a Certification Letter with the Nuclear Regulatory Commission (NRC) formally notifying the Commission of its decision to permanently deactivate its nuclear power plants over the next three years, citing "severe economic challenges." When the closures are combined, the reduction will total 4,048 MW of carbon-free, electric generating capacity. In 2017, the nuclear units contributed approximately 65 percent of the electricity produced by the FES generating fleet.

The plants scheduled for retirement are: Davis-Besse Nuclear Power Station (908 MW) in Oak Harbor, Ohio, by May 31, 2020; Beaver Valley Power Station Units 1 and 2 (totaling 1,872 MW) in Shippingport, Pennsylvania by May 31 and October 31, 2021, respectively; and Perry Nuclear Power Plant (1,268 MW) in Perry, Ohio, by May 31, 2021.

The letter to the NRC affirms the Company's March 28, 2018, notification to PJM Interconnection (PJM), the regional transmission organization, as well as its initial, informal notification to the NRC. The plant closures are subject to review by PJM for reliability impacts, if any. In the interim, the plants will continue normal operations.

The president of FES Generation Companies and chief nuclear officer stated, "We are actively seeking policy solutions at the state and federal level as an alternative to retiring these plants, which we believe still have a crucial role to play in the reliability and resilience of our regional grid. What also is at stake for the region is 4,048 megawatts of zero-emission baseload generating capacity, an all but irreplaceable resource. As early as mid-2019, we will begin facing decisions on each of these plants as to whether to refuel them or shut them down. Absent legislative or regulatory relief, we cannot continue to operate the plants on their current uneconomic basis."

FES, its subsidiaries and FirstEnergy Nuclear Operating Company on March 31, 2018, filed petitions under Chapter 11 of the Federal Bankruptcy Code in order to facilitate an orderly financial restructuring. The case is proceeding in U.S. Bankruptcy Court for the Northern District of Ohio, in Akron.
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