The upgrade will help SCPPA
's Magnolia plant significantly improve its ramp rate and increase its operational flexibility, with a lower load operation profile to respond faster to the frequent shifts in grid demand due to renewable power fluctuations.
"I'm very excited to introduce the advantages expected at SCPPA
's Magnolia plant to 7F operators today," said Amit Kulkarni, general manager of H/F-Class turbines for GE's Power Services business.
The bonds are special limited obligations of SCPPA
and payable solely from revenues received by SCPPA
from the members participating in the STS project.
Springbok 3 has a 27-year power purchase agreement with SCPPA
, with an option for a three-year extension.
TAKE OR PAY OBLIGATION: Bondholders are secured by an absolute and unconditional take-or-pay obligation of project participants, paid as an operating expense, for their share of the project's costs as outlined in the transmission service contracts between each participant and SCPPA
Additionally, the SCPPA
PPA partnership will supersede Ormesa's current 30-year Standard Offer Contract No.
These projects are the third and fourth sPower-owned facilities with long term SCPPA
and Los Angeles Department of Water and Power (LADWP) had the vision to enable this development through their innovative portfolio contract, which sought to maximize the output of their renewable facilities, furthering the transition away from coal power while maintaining a reliable power supply for Los Angeles.
For the past several years, SCCA has co-sponsored, with the South Carolina Probation and Parole Association (SCPPA
), a fall South Carolina Criminal Justice Training Conference in Myrtle Beach, S.C.
Securities and Exchange Commission, assigned a 'AA-' rating to the following bonds issued by the Southern California Public Power Authority (SCPPA