If you provide free storage and distribution services, too much will be used, and costs for everyone else will go through the roof(top).
First of two-part series. See part two, Capturing Benefits for All Ratepayers, in the April 2016 issue.
Southern California Edison (SCE) integrated an estimated 1,118 MW of demand response resources into California's wholesale energy markets. These programs serve SCE's residential, commercial and industrial customers who, in exchange for bill reductions, have agreed to reduce their energy consumption when called upon to do so.
NRG Yield, through its subsidiary NRG Yield Operating, entered into an agreement with GE Energy Financial Services to acquire its 25 percent interest in the Desert Sunlight Solar Farm in Riverside, CA for $285 million, subject to customary working capital adjustments, plus the assumption of $287.4 million of non-recourse project level debt.
SunEdison was awarded contracts to build 33 MW of rooftop solar with Southern California Edison (SCE). SCE will purchase the electricity from 17 rooftop solar systems through 20-year PPA. TerraForm Power intends to acquire these projects from SunEdison upon completion. Operation and maintenance of the solar power plants will be performed by SunEdison Services. The solar power plants are scheduled to be operational in 2016.
Con Edison Development, a subsidiary of Consolidated Edison, acquired six solar photovoltaic projects totaling 140 MW from a PV project portfolio developed through a joint venture between SolarReserve, LLC, and GCL Solar Energy, Inc. (GCL). Ranging in size from 20 MW to 25 MW, the projects acquired by Con Edison Development are located in Tulare, Kings and Fresno counties and have the capacity to power approximately 25,000 homes. The projects are all fully permitted, with interconnection agreements in place.
What goes up doesn’t always come down.
As deployments take hold, real-world challenges abound.
AES Southland was awarded a 20-year PPA by Southern California Edison (SCE), to provide 100 MW of interconnected battery-based energy storage, a 200-MW flexible power resource. This new capacity can deliver 400 MWh of energy and will be built south of Los Angeles at the Alamitos Power Center in Long Beach, California. This selection is an outcome of SCE’s 2013 Local Capacity Requirements Request for Offer (RFO), a competitive solicitation for new power capacity in the Western Los Angeles Basin.
CMS Energy names Brian Rich as vp and CIO; New York Independent System Operator names Michael Bemis as board chair; Southern California Edison elects Connie J. Erickson as v.p. and controller; CenterPoint Energy names Dana O’Brien senior v.p. and general counsel.