The marcus evans Intelligent Hedging and Portfolio Optimization for the Energy Markets Conference is a two day, educational focused meeting. Driven by single-track, case study presentations, the meeting will analyze the impact of regulatory changes on hedge fund strategies and the new CFTC compliance requirements for end users listed in the Dodd Frank Act.
TECO Energy filed its application with the New Mexico Public Regulation Commission (PRC) for approval of its acquisition of New Mexico Gas. The application was filed jointly with New Mexico Gas Co. and its parent company, Continental Energy Systems. A decision by the PRC is expected by early 2014. In May, TECO Energy entered into a definitive stock purchase agreement with Continental Energy Systems to acquire New Mexico Gas Co. for a purchase price of $950 million, subject to customary closing adjustments.
NRG Energy, through its wholly owned subsidiary NRG Solar, announced that two of the solar photovoltaic (PV) facilities the company acquired from Recurrent Energy earlier this year have reached commercial operation.
FirstEnergy announced it expects to deactivate two coal-fired power plants located in Pennsylvania by October 9, 2013. The decision is based on the cost of compliance with current and future environmental regulations in conjunction with the continued low market price for electricity. The plants scheduled to be deactivated are Hatfield's Ferry Power Station in Masontown, Pa., and Mitchell Power Station in Courtney, Pa.
Electric Transmission Texas (ETT) and Sharyland Utilities (Sharyland) filed a joint application with the Public Utility Commission of Texas (PUCT) to amend their certificates of convenience and necessity to construct the Cross Valley Project, a proposed 345-kV transmission line in portions of Hidalgo and Cameron counties in the Lower Rio Grande Valley of Texas. The proposed line would begin at the AEP Texas North Edinburg Substation in Hidalgo County then head east to the Brownsville Public Utilities Board Loma Alta Substation in Cameron Co
Direct Energy reached an agreement to acquire Bounce Energy, a privately-held retail electricity provider based in Houston, for $46 million in cash plus additional working capital.
Bounce Energy provides full-service electricity to more than 80,000 residential and small business customers in Texas, Pennsylvania and New York.
Consumers Energy filed for approval of a certificate of necessity with the Michigan Public Service Commission (MPSC) for its new natural gas plant in Genesee County. The certificate of necessity filing, allowed for under Michigan's energy reform law, provides Consumers Energy's comprehensive analysis for the 700-MW natural gas plant planned for Thetford Township, about 20 miles northeast of Flint. The review process for the filing is expected to take nine months.
Following off of lessons learned from Hurricane Sandy, this conference will keep electric utilities up-to-date with various technologies, regulations and proven best practices to implement within their outage management efforts.
Canadian Solar completed construction on three utility-scale solar power projects in North Carolina. The projects, named "Lenoir 1, Lenoir 2 and Wilson 1," total 18 MW and are part of a 15-project portfolio totaling 85MW being jointly developed with Strata Solar. In total, the latest three solar power projects use approximately 40,608 Canadian Solar CS6P-P 245 and 19,896 CS6P-P 250 watt solar modules.
Phoenix Solar signed a contract with Silicon Ranch to build the Simon Solar Farm, 38.6-MW, 161 acre solar plant in Georgia. Under the terms of the contract, Phoenix Solar will provide all engineering, procurement and construction (EPC) services and long-term operations and maintenance (O&M) support for the solar park. Georgia Power, the state's largest electrical utility, will buy the electricity generated from the solar park under a 20-year PPA with Silicon Ranch. Construction is scheduled for completion by the end of 2013.