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New York Issues Offshore Wind Solicitation

LCG, November 9, 2018--The Governor of New York yesterday announced a solicitation for 800 MW or more of new offshore wind projects to supply renewable energy to New York to combat climate change. The New York State Energy Research and Development Authority (NYSERDA) issued the Request for Proposals (RFP), which is the first key step in New York's plan to install 2,400 MW of offshore wind projects by 2030.

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Xcel Energy to Acquire Mankato Energy Center from Southern Power

LCG, November 8, 2018--Xcel Energy and Southern Power, a subsidiary of Southern Company, earlier this week announced an agreement for Southern Power to sell the Mankato Energy Center to Xcel Energy for $650 million. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.

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Industry News

AEP to Accelerate Closure of Conesville Plant in Ohio

LCG, October 11, 2018--American Electric Power (AEP) announced plans to retire its coal-fired Conesville electric generating facility in Ohio by May 31, 2020, two years ahead of the previously planned schedule.

The decision to retire the 1,590-MW Conesville plant was driven by operating costs and the results of recent competitive generation auctions. The plant did not clear the PJM Energy Market capacity auction for 2021 to 2022 and only partially cleared the auction for 2020 to 2021.

Units 5 and 6 at the Conesville plant had been scheduled for closure in 2022, but the units will likely be mothballed in May 2019. Unit 4 is rated with the highest capacity (780 MW) at the plant and is expected to continue operations until May 31, 2020.
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