Missouri

Pattern Energy Completes Acquisition of Two Wind Power Facilities Totaling 351 MW from Wind Capital Group

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.

Her Next Hurdle

ITC’s Linda Blair on where to build tomorrow’s grid.

Linda Blair, executive v.p. and chief business officer for grid giant ITC, discusses how ITC plans to navigate the new transmission landscape and where ITC might turn for its next major transmission project.

Energy Department Invests Over $10 Million to Improve Grid Reliability and Resiliency

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.

Digest

ISO New England approves Northern Pass transmission project; Southern California Edison selects Quanta PAR to build Tehachapi transmission line segments; Pennsylvania PUC approves PPL $335 million grid project; Southern Company completes smart grid investments; U.S. Army Reserve contracts ConEdison Solutions for efficiency and maintenance support services; plus announcements and contracts involving Honeywell, Stor Generation, Salt River Project, Landis+Gyr, Abengoa, Constellation, and others.

Modernizing with Trackers

Time-tested cost recovery mechanisms provide stable funding for infrastructure replacement.

Automatic tracker surcharges provide timely cost recovery for multi-year utility system improvement programs.

Element Power Signs 200 MW PPA with KCP&L Greater Missouri Operations

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.

Bundled against Change

Mississippi draws a line in the sand.

"We view the [Entergy-ITC] transaction [as] an attempt to extract excess value."-Mississippi PSC

The Old Drawing Board

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.