Florida Approves Utility Storm Protection Plans

Florida Approves Utility Storm Protection Plans

Florida Approves Utility Storm Protection Plans

On Monday, August 10th, the Florida Public Service Commission approved the authorization of storm protection plans (SPP) for four investor-owned utilities (TECO, FPL, Gulf Power, and Duke Energy Florida) according to an article from UtilityDive.com. This multi-billion-dollar investment will pay for undergrounding power lines and other system improvements that have proven to be successful. FPL is estimating between 300-700 power lines buried annually from 2021 to 2024.

Some experts have voiced concerns that storm hardening may be a quick fix to a long-term problem, however, FPL spokesman Bill Orlove is confident in the project. He states, “These programs have benefited customers by successfully reducing restoration costs and outage times during major storms, as well as improving day-to-day service reliability.”

Read the entire article here.

Florida Utilities to Invest Billions in Grid Hardening

Florida Utilities to Invest Billions in Grid Hardening

Florida Utilities to Invest Billions in Grid Hardening

Florida’s investor-owned electric utilities proposed plans for nearly $19.4 billion spend on grid hardening activities to enhance storm protection. These plans are followed by a recently enacted state law to make more proactive investments towards storm damage and outages that the state commonly faces. 

Duke Energy Florida LLC, Florida Power & Light Co., Gulf Power Co., and Tampa Electric Co. are the four major companies involved in this proposal. Irby has worked with each of these in the past and some are current clients. FPL’s VP of Distribution is quoted in the S&P Global Market Intelligence article.

“Florida remains the most hurricane-prone state in the nation and, with the significant coastline exposure of FPL’s system and the fact that the vast majority of FPL’s customers live within 20 miles of the coast, a robust storm protection plan is critical to maintaining and improving grid resiliency and storm restoration,” Michael Jarro said. 

Read the entire article here

Going Underground: Florida Utilities Are Planning for Hurricane Season

Going Underground: Florida Utilities Are Planning for Hurricane Season

Going Underground: Florida Utilities Are Planning for Hurricane Season

As the storm season approaches, Florida Utilities are outlining long term plans for protecting customers from massive power outages. Four major utilities have filed plans that call for billions of dollars of projects over the next decade to strengthen electric systems against hurricanes. A key component to each plan is a significant amount of underground projects. 

According to a story by CBS Miami , Florida Power & Light, Duke Energy Florida, Tampa Electric Co. and Gulf Power filed the plans Friday at the state Public Service Commission. The filings were an initial step as regulators review the plans and, ultimately, decide how costs will be passed along to utility customers.

The story reports some of the planned spending. For example, FPL’s newly filed plan, calls for spending an estimated $510 million a year on underground power-line projects. Meanwhile, Tampa Electric wants to spend more than $100 million in most years, with a total of $976.8 million over the decade, according to its filing. Duke said it expects to spend about $2.2 billion over 10 years on underground and overhead “lateral” power lines, which generally carry electricity into neighborhoods.

 

The Sustainable Case for Transmission Projects

The Sustainable Case for Transmission Projects

The Sustainable Case for Transmission Projects

According to a story published last month at Greentechmedia.com, the case for new multistate transmission lines has never been more clear. Though funding for U.S. transmission projects seeking to carry wind and solar power from generation to where it’s needed the most has been slow in the last decade, that’s poised to change.

A growing number of states and utilities have set 100-percent-clean-energy goals. At the same time, most of that clean energy will not be generated close to home. So the growing gap between the transmission network’s capacity and the need to link wind farms, solar farms, and hydropower resources will generate the need for transmission projects if renewable goals are going to be met. 

Utilities Develop Solutions for Businesses of All Kinds

Utilities Develop Solutions for Businesses of All Kinds

Utilities Develop Solutions for Businesses of All Kinds

A recent news story in Forbes discussed how utilities in the midst of digital transformation are paving the way for businesses of all kinds facing challenges in the areas of regulatory compliance, network optimization, information sharing, supply chain, and asset management. One of the solutions utilities have adopted is the use of geographic information systems (GIS) and real-time data streams. The complete article at Forbes.com covers some details and trends worth a look. 

Experts Predict Future Impacts on the Industry at EEI Financial Conference

Experts Predict Future Impacts on the Industry at EEI Financial Conference

Experts Predict Future Impacts on the Industry at EEI Financial Conference

A panel of chief financial officers (CFOs) from four large power companies spoke to the future of the industry at the Edison Electric Institute (EEI) Financial Conference, Nov. 10-12. The Daily Energy Insider reported that panelists discussed resiliency, affordability, cybersecurity, regulations, and renewables. They believe these topics will impact energy companies an the industry as a whole in the next decade. Read the full story for details and quotes from participants.