Blog | FirmoGraphs, LLC

Power Generation and Supply Market Recap, May 2023

Written by FirmoGraphs Staff | Jun 13, 2023 5:34:53 PM

Our May 2023 Power Generation & Supply Market Recap is a snapshot of the data and information we curate.  We share industry drivers, notable projects, recent mergers and acquisitions, interesting reads, and updates on upcoming meetings and conferences.

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Industry Drivers

Our data team tracks new and updated industry drivers. Here are some recent drivers we have been following in May:

EPA Proposes New Carbon Pollution Standards for Fossil Fuel-Fired Power Plants to Tackle the Climate Crisis and Protect Public Health

Status: Proposed

Organization: U.S. Environmental Protection Agency (EPA)

Summary: On May 11, 2023, the EPA put forth new carbon pollution standards for coal and natural gas-fired power plants, aiming to safeguard public health, reduce harmful pollutants, and generate up to $85 billion in climate and public health benefits over the next twenty years. The proposed regulations for coal and new natural gas power plants would prevent approximately 617 million metric tons of carbon dioxide (CO2) emissions by 2042. This is equivalent to the yearly emissions from 137 million passenger vehicles, or about half the cars in the United States. The EPA estimates that these standards' net climate and health benefits, applied to new gas and existing coal-fired power plants, could amount to $85 billion by 2042. The proposed regulations include strengthening the New Source Performance Standards (NSPS) for newly built fossil fuel-fired stationary combustion turbines and establishing emission guidelines for existing fossil fuel-fired steam generating units and large, frequently used fossil fuel-fired stationary combustion turbines. The EPA's analysis suggests that the proposed standards for existing gas-fired plants and the third phase of the NSPS could result in up to 407 million metric tons of CO2 emission deductions.

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Notable Projects

FirmoGraphs tracks notable projects from the proposal stage to becoming effective. Here are some of the recent notable projects we have been tracking.

$8 Billion SunZia Wind Project

Type: Generation - Wind

Status: Proposed

Organization: SunZia Wind PowerCo LLC

Region: New Mexico

Summary: SunZia Wind PowerCo LLC submitted filings on March 29, 2023, to the Federal Energy Regulatory Commission for the SunZia Wind Project. The Project is a wind facility representing over 3,500 megawatts (MW) of renewable energy in Torrance, Lincoln, and San Miguel Counties, New Mexico. It will also include a 550-mile 525 kilovolts (kV) transmission line between central New Mexico and south-central Arizona, which can transport 3,000 MW. The construction started in January 2023 and is expected to be completed in January 2026, costing $8 billion.

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$2.7 Billion Southern Spirit Transmission Project 

Type: Transmission Line

Status: Proposed

Organization: Southern Spirit Transmission LLC

Region: Mississippi

Summary: Southern Spirit Transmission LLC submitted filings on February 14, 2023, to the Mississippi Public Service Commission for the Southern Spirit Transmission Project. The project is a high voltage direct current (HVDC), 525 kilovolts (kV) transmission line that includes a converter line connected to a converter station in Choctaw County, Mississippi. The construction will commence in 2025 and is expected to be completed in December 2026, costing $2.7 billion.

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$1.3 Billion Line 945 Electric Transmission Structure Replacement Project

Type: Transmission Line

Status: Proposed

Organization: New York State Electric & Gas, Corp

Region: New York

Summary: New York State Electric & Gas, Corp submitted filings on February 22, 2023, to the New York Public Utilities Commission for the Line 945 Electric Transmission Structure Replacement Project. The proposed Project is located within the Town of Dryden, Tompkins County, New York (NY); towns of Harford, Lapeer, and Willet, Cortland County, NY; and the Towns of German, McDonough, Preston, and Norwich, Chenango County, NY. The Project is for the maintenance and replacement of specific structures to maintain the integrity of the primarily overhead 47.12 miles 115 kilovolts (kV) electric transmission line. The project started on March 1, 2023, and is expected to be completed in December 2024, costing $1.3 billion.

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$689 Million Wilmarth – North Rochester – Tremval Transmission Project

Type: Transmission Line

Status: Proposed

Organization: Northern States Power Company

Region: Minnesota

Summary: Northern States Power Company submitted filings to the Minnesota Public Utilities Commission for the proposed Wilmarth – North Rochester – Tremval Transmission Project. The project consists of a new 345 kilovolts (kV) transmission line between the Wilmarth Substation in Mankato, Minnesota, and the Mississippi River. Construction will commence in October 2023 and is expected to be completed in June 2028, costing $689 million.

Contact FirmoGraphs to See the Document

$670 Million Southwest Atlanta Energy Storage Project

Type: Energy Storage, BESS, Stand-alone

Status: Proposed

Organization: Southwest Atlanta Energy Storage, LLC

Region: Georgia

Summary: Southwest Atlanta Energy Storage, LLC submitted filings on April 3, 2023, to the Georgia Federal Energy Regulatory Commission for Southwest Atlanta Energy Storage. The proposed Project Interconnection Customer’s Generating Facility located in Fulton County, Georgia, is an Energy Storage Resource (ESR) utilizing inverters with alternating current (AC)-connected batteries, with an interconnection service amount of 600 megawatts (MW) at the Point of Interconnection. The total nameplate capacity of the generating facility is 692.3 megavolt amperes (MVA) of battery capacity. Construction started on June 1, 2023, and is expected to be completed on November 30, 2025. According to the 2021 Annual Technology Baseline (ATB) data from the National Renewable Energy Laboratory (NREL), energy storage projects will cost $1,119 per kilowatt (KW). Based on this value, FirmoGraphs estimates the project will cost $670 million.

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Notable M&A

The following  M&A transactions in the Power Generation and Supply Industry stand out in the month of May:


What We Are Reading

Here are some recent articles our team has been reading:


Meeting Planner

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. Also, FirmoGraphs has recently implemented a free-of-charge service for tracking notable infrastructure events


Meetings in June and July 2023

Name Organization

Name Meeting Key

Date Start

Date End

Edison Electric Institute

EEI 2023: Celebrating 90 Years of Power by Association

2023-06-11

2023-06-13

Renewable Fuels Association

RFA International Fuel Ethanol Workshop & Expo

2023-06-12

2023-06-14

IEEE Power & Energy Society

IEEE - PES Transportation Electrification Conference And Expo

2023-06-21

2023-06-23

American Council for an Energy-Efficient Economy

ACEEE Industry Summer Study

2023-07-11

2023-07-13

IEEE Power & Energy Society

IEEE - PES General Meeting

2023-07-16

2023-07-20



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