State agencies challenge utility’s plan to purchase gas-fired power plant in Minnesota

first_imgState agencies challenge utility’s plan to purchase gas-fired power plant in Minnesota FacebookTwitterLinkedInEmailPrint分享Minneapolis Star Tribune:Xcel Energy’s proposed $650 million purchase of a gas-fired power plant in Mankato has run into strong opposition from two state agencies concerned about its potential impact on ratepayers.Minneapolis-based Xcel in November announced its intent to buy the large power plant from Atlanta-based Southern Power. Xcel currently buys electricity from the Mankato plant on a long-term contract. The company says owning the facility would entail significant savings for ratepayers and would help preserve electric grid reliability.But the Minnesota Department of Commerce concluded that Xcel’s proposed ownership of the Mankato plant “is unlikely to create substantial savings,” according to a recent regulatory filing. “Overall, Xcel has not shown need or any net benefits to ratepayers for Xcel’s proposed (gas plant) purchase.” Meanwhile, the Minnesota Attorney General’s Office slammed the deal in a recent regulatory filing, saying Xcel “structured the proposed acquisition in an opaque backroom deal and in the absence of any competition, transparency or meaningful need for alternative analysis.”The two state offices represent the public before the Minnesota Public Utilities Commission (PUC), which is likely to decide next month on the Mankato deal.Xcel, Minnesota’s largest electric utility, rejects criticisms from both agencies, noting in a statement to the Star Tribune that it has followed the “appropriate process” with its acquisition proposal. Xcel said the Mankato deal is vital for system stability as the company adds variable solar and wind energy while closing its coal-fired power plants, a primary source of constant power. “The purchase of the Mankato Energy Center will help pave the way to exit the use of coal in the Upper Midwest a decade earlier than planned,” Xcel said in the statement. The company declined to make an executive available for comment.In a PUC filing, the Commerce Department questioned whether the Mankato purchase is needed to facilitate Xcel’s early exit from coal.More: Regulators rip Xcel’s proposed $650 million deal for Mankato power plantlast_img read more

Iheanacho Focused on Real Madrid Clash

first_imgUEFA CHAMPIONS LEAGUEKunle Adewale with agency reportKelechi Iheanacho has put aside the brace he scored in Manchester City’s 4-2 defeat away to Southampton last Sunday and is now focused in helping the Citizens qualify for the final of the UEFA Champions League. City is away to Real Madrid tomorrow in the second leg of the semi final clash.“We need to put this result (the defeat to Southampton) behind us and focus on the UEFA Champions League game against Real Madrid on Wednesday,” Iheanacho told City TV monday.While admitting that a lot of things went wrong with City’s game plan, the former Under-17 World Cup winner insisted that they cannot afford to dwell in the past now.“So many things went wrong in the game. We lost so many balls and did not defend quite well.“We lost. We are not happy but we will try and put this behind us and come back stronger.“We have to keep our heads down and focus on the upcoming games,” stressed Iheanacho.The Nigerian forward is looking forward to winning the remaining two games to make top four finish possible for City to guarantee a Champions League slot.“We have two games left now and we have to focus on winning them so we can finish in the top-four and qualify for next season’s UEFA Champions League.“I scored two great goals which were important for me and for the team as well but unfortunately we lost so the goals won’t mean (much).Iheanacho headed home City’s first goal in the 44th minute before completing his brace 12 minutes from time with a supremely-taken curler which left the Saints goalkeeper, Fraser Forster with no chance. He has now scored seven league goals this season but he continues to keep his feet firmly on the ground.The City starlet has netted seven times for the club this season and acknowledges that it is a healthy return.“I am pleased with my performance getting goals in the Premier League and having come through to the first team this season.“I have to continue working hard to get more goals and help the club (do well) in Europe.“I have to continue working hard because nothing is enough in football.“I have to convince (the manager, Manuel Pellegrini) that I deserve to be in the City first team).Iheanacho has scored 13 goals in all competitions for City this season.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more