Pattern Energy closed the previously announced acquisition of two operational wind power facilities totaling 351 MW from Wind Capital Group and its affiliates for a final purchase price of $242 million plus assumed net debt of $102 million. The acquisition includes ownership interests in the 201-MW Post Rock Wind facility in Kansas, and the 150-MW Lost Creek Wind facility in Missouri. The Post Rock Wind facility in Kansas has a long-term contract with Westar.
ITC’s Linda Blair on where to build tomorrow’s grid.
The Energy Department announced more than $10 million for projects to improve the reliability and resiliency of the U.S. electric grid and facilitate quick and effective response to grid conditions. This investment which includes six projects across five states- California, Hawaii, Missouri, North Carolina and Washington - will help further the deployment of advanced software that works with synchrophasor technology to better detect quickly-changing grid conditions and improve grid reliability.
Time-tested cost recovery mechanisms provide stable funding for infrastructure replacement.
Element Power US, owner and developer of the Mill Creek Wind Farm, and KCP&L Greater Missouri Operations have entered into a PPA for a 200 MW wind energy facility to be built in Holt County, Missouri. The 200 MW project, once operational, will be the largest in the state of Missouri. The project currently has approximately 25,000 acres under lease with over 100 landowner partners. Element Power anticipates commencement of construction in Q3 2014, with expected commercial operation achieved by the end of December 2015.
After more than two years of planning and training, MISO integrated a four-state region of the electric grid across the South into its existing footprint in the Midwest. The change in control, or "cutover," extends MISO's operational and market footprints from the Gulf of Mexico all the way to Manitoba, Canada.
Mississippi draws a line in the sand.
Portfolio planning in the age of gas.
PUCs are concerned that a rapid shutdown of coal-fired plants will start a full-tilt dash to gas—similar to the one that caused bankruptcies among independent power producers in the late 1990s and early 2000s. But this time around, ratepayers and not IPP investors will be stuck with the risk, if utilities rush to add all that new gas-fired capacity to rate base.