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Tag: Announces

NIPSCO Announces Three New Indiana Wind Farms

February 3, 2019
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| Industry News

Northern Indiana Public Service Co. (NIPSCO), which is phasing out coal-fired power as part of its “Your Energy, Your Future” plan announced late last year, on Feb. 1 said it will develop three new wind farm projects in the state that will add about 800 MW of renewable power generation capacity to its portfolio.

The Merrillville, Ind.-based utility on Friday said the wind farms will be sited in Benton, Montgomery, and White counties. NIPSCO said the projects are partnerships between the utility and private companies, and were chosen after NIPSCO last year issued a request for proposals (RFP) for alternative energy generation.

Violet Sistovaris, NIPSCO’s president, in a statement said, “We’re excited for the opportunity to add more home-grown renewable energy in Indiana. In addition to the economic benefits that projects like these add, the transition we’re making in our electric generation equates to an estimated $ 4 billion in cost-savings for customers over the long-term.”

The utility said it received 90 proposals for energy projects, including 70 sited within the state.…

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EDF Announces More Delays, Cost Overruns for Flamanville 3 Reactor

July 25, 2018
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French utility Électricité de France (EDF)on July 25 said it has pushed fuel loading at its 1.6-GW Flamanville 3 nuclear project to the fourth quarter of 2019 and increased cost estimates for the project by another €400 million (USD $ 467.1 million).

EDF said its current cost for the project has ballooned to €10.9 billion (USD $ 12.75 billion), triple the original budget. The utility today said start-up for the troubled EPR reactor will not occur until at least the second quarter of 2020. Fuel loading and commercial operation start dates at the Normandy plant have now been revised twice in the past year; in October 2017, EDF said fuel loading was set for late 2018, with full production in 2019.

EDF said the latest delay is due to faulty welding of joints, which the utility had previously discussed in April and May of this year. The utility said it has inspected 148 of 150 welds in the main secondary system at Flamanville 3 and found 33 needed repairs.…

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Calpine Announces $5.6 Billion Sale to Equity Group

August 19, 2017
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Houston-based Calpine Corp., which confirmed in July it was looking for a buyer, announced August 18 it has agreed to be bought by Energy Capital Partners (ECP) in a $ 5.6 billion deal.

ECP is a private equity firm that focuses on investments in North American energy infrastructure. The purchasing group also includes a consortium of investors led by Access Industries, a New York City-based holding company, and the Canada Pension Plan Investment Board. The deal is expected to close early next year, according to the companies.

“We are excited to partner with Energy Capital,” said Thad Hill, Calpine’s president and CEO, in a statement after the deal was announced. “With ECP, Calpine will be able to operate as it always has, executing on our strategic objectives of providing safe and reliable power and serving our retail and wholesale customers with differentiated products and services.”

Calpine in July confirmed that it was looking for a buyer, two months after reports surfaced that the company was working with investment bankers to facilitate a sale.…

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