The one-day-in-10-years criterion might have lost its usefulness in today’s energy markets. The criterion is highly conservative when used in calculating reserve margins for reliability. Can the...
purchase of Southern California Edison's (SCE) ownership in Units 4 and 5 of the Four Corners Power Plant near Farmington, N.M. As part of its plan - originally announced in November 2010 - APS has permanently closed the plant's older, less efficient Units 1, 2, and 3, and will install additional emission controls on the remaining units. Acquiring SCE's 48 percent interest in the larger Units 4 and 5 will increase APS's total Four Corners capacity from 791 MW to 970 MW. APS now owns 63 percent of Units 4 and 5, which constitute the plant moving forward. The final purchase price for the Southern California Edison share is approximately $182 million.
EDF Renewable Energy acquired the 194-MW Spinning Spur 3 Wind Project from Cielo Wind Power (Cielo). Spinning Spur 3 is located on about 18,000 acres in Oldham County, Texas, 50 miles west of Amarillo. Commercial operation is expected by the end of 2015, using ERCOT's new CREZ transmission lines to deliver power to two municipal utilities, Georgetown Utility Systems and Garland Power & Light , under long-term PPAs.
The Northern Pass , a proposed transmission line carrying hydroelectric power to New Hampshire and New England, cleared a regulatory milestone by securing I.3.9 approval by ISO New England , the operators of the region's power grid. The I.3.9 process determines whether Northern Pass can reliably interconnect with the New England grid. By approving the project's I.3.9 application, ISO New England determined Northern Pass will have no significant, adverse effect on the reliability or operating characteristics of the regional energy grid and its participants. All energy projects must secure this approval in order to be connected to the regional power grid.
Southern California Edison selected Quanta Services' PAR Electrical Contractors to complete construction of segment 7 and portions of segment 8 of its Tehachapi Renewable Transmission Project (TRTP) in California. PAR's scope of work under the contract includes the installation of double circuit 500-kV overhead transmission line, environmental mitigation and compliance, foundation installation, tower erection and conductor installation. Quanta has mobilized resources for the TRTP project and expects segment seven of the project to be completed by year-end and PAR's portions of segment eight to be completed by February 2015.
The Pennsylvania Public Utility Commission approved PPL Electric Utilities's proposed Northeast Pocono Reliability Project, a $335 million project that involves building new electrical substations and a new 230-kV power line running approximately 60 miles. PPL Electric Utilities submitted the project to the PUC in late December 2012, after soliciting public input at 13 community meetings in the project region. The utility is working with various agencies to secure environmental permits. Completion is expected in 2017.
Southern Company completed the smart grid development efforts associated with the $165 million Smart Grid Investment Grant awarded to the company by the U.S. Department of Energy in 2009. Through a combination of matching funds and additional investments, the company spent a total of $363 million to accelerate smart grid implementation and make the grid more reliable, efficient and secure.
Honeywell and power management