Here's our Power Generation & Supply Roundup for the month of January 2020, with interesting industry drivers, notable merger and acquisition transaction, and upcoming conferences and meetings. Enjoy, and provide feedback on how we can continue to improve!
Industry News and Drivers
Driver: $1.68 Billion Georgia Power Rate Hike Approved by State Regulators, to Address Coal Ash Clean Up
This increase allows Georgia Power to charge customers an extra $4 monthly by 2022, with an initial $2 hike beginning 2021. The utility has estimated its plan to excavate 19 of its 29 coal ash ponds and leave the remaining 10 capped and in place. It could cost up to $2 billion.
For additional information see: tinyurl.com/GeorgiaPowerHike
Driver: Clean Water Final Rule: Definition of WOTUS and Recodification of Pre-Existing Rules
The Environmental Protection Agency (EPA) and the Department of the Army have formally repealed the 2015 Clean Water Rule, which amended portions of the Code of Federal Regulations (CFR) and restored the regulatory text defining “waters of the United States” (WOTUS) that existed before 2015. The changes are effective since December 23, 2019.
For additional information see: tinyurl.com/r5tlw22
The following M&A transaction in the Power Generation and Supply Industry stands out in the month of January:
- Leading independent North American renewable energy investor, Excelsior Energy Capital announced the closure of its North American Renewable Energy Fund on the acquisition of 90.1% of Invenergy’s sponsor equity interests in the combined 109-megawatt Prairie Breeze II and Prairie Breeze III projects located in Antelope and Boone counties, Nebraska.
In this over-digitized age, there is no replacement for face-to-face meetings with your prospects and customers! We track meetings of interest to our customers serving the US power generation and supply industry so you won’t miss upcoming meetings and deadlines.
Meetings in February 2020
- AESP Annual Conference & Expo - 2020, Feb. 17 - Feb. 20, 2020, Anaheim, California, https://www.aesp.org/events/EventDetails.aspx?id=1159040&group=
- SEIA/SEPA Solar and Energy Storage Northeast - 2020, Feb. 19 - Feb. 20, 2020, Boston, Massachusetts, https://events.solar/northeast/
- SEIA/SEPA Solar Power and Energy Storage Mountain West - 2020, Feb. 24 - Feb. 26, 2020, Denver Colorado, https://events.solar/mountainwest/register/
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