Key State Renewables and Monarch Private Capital Close Nearly $100 Million Tax Equity Financing for Pine Gate Renewables’ Kentucky Solar Project
Key State Renewables and Monarch Private Capital Close Nearly $100 Million Tax Equity Financing for Pine Gate Renewables’ Kentucky Solar Project ASHEVILLE, N.C. — KeyState Renewables and Monarch Private Capital announce the close of nearly $100 million tax equity financing with North Carolina-based Pine Gate Renewables on the Glover Creek solar project near Bowling Green, Kentucky. Glover Creek was the second […]
What is the Future of Reactive Compensation
What is the Future of Reactive Compensation Author: Frank Swigonski, Director, Market Design Utilities across the country have seen an increase in new renewable generators coming online. For utilities that compensate reactive power using AEP, more new generation translates to an increase in FERC filings and individual hearings and settlements. The administrative burden on generators, […]
Brett White, Pine Gate’s Own VP of Regulatory Affairs, honored as 2023 Top Solar Advocate
Brett White, Pine Gate’s Own VP of Regulatory Affairs, Honored as 2023 Top Solar Advocate ASHEVILLE, N.C., July 28, 2023 – Asheville-based Pine Gate Renewables, a renewable energy company and owner-operator of large-scale solar assets spanning 29 states, was recognized for its efforts to lead the energy transition and expand the U.S. solar market. The company […]
How Does AEP Work?
How Does AEP Work? Author: Frank Swigonski, Director, Market Design As anyone familiar with a state utility rate case can attest, cost-of-service ratemaking can often be litigious and tedious. Reactive power rate cases are no exception. There are very few pieces of generating equipment that are solely dedicated to providing reactive power. A step-up transformer, […]
How is Reactive Power Compensated?
How is Reactive Power Compensated? Author: Frank Swigonski, Director, Market Design In the mid-nineties, FERC issued a landmark order, Order No. 888, that directed public utilities to remove impediments that blocked independent power producers from accessing utility-owned transmission facilities. In Order No. 888, FERC directed transmission-owning utilities to “unbundle” their wholesale rates and establish separate rates […]
What is Reactive Power?
What is Reactive Power? Author: Frank Swigonski, Director, Market Design Reactive power is a byproduct of our alternating current (AC) electric system. In an AC system, electrons switch directions flowing back and forth along transmission lines. In a perfect AC system, the electrons’ speed (current) and pressure (voltage) stay the same relative to each other […]
Pine Gate Renewables Expands C-Suite with Three Key Leaders in Renewables
Pine Gate Renewables Expands C-Suite with Three Key Leaders in Renewables ASHEVILLE, N.C., June 12, 2023 – Pine Gate Renewables, a leading renewable energy independent power producer brings on three new executives to its C-Suite, adding more than six decades of industry experience that will drive the organization’s vision and growth. Judith Hall joins the company […]
Pine Gate DNA | Three Foundational Elements
Pine Gate DNA | Three Foundational Elements Author: Ben Catt, CEO The success of any company doesn’t depend solely on the product or service it provides. Success is found within the corporate DNA, those critical foundational elements which, when combined, create energy, and bring life to an organization. At Pine Gate, this dynamic blend is […]
City of Durham, Durham County Government, and Durham Public Schools join Duke Energy’s Green Source Advantage program
City of Durham, Durham County Government, and Durham Public Schools join Duke Energy’s Green Source Advantage Program Charlotte, NC – The City of Durham, Durham County Government, and Durham Public Schools (DPS) are the latest customers to benefit from Duke Energy’s Green Source Advantage (GSA) program. The three customers will collectively purchase almost 35 megawatts […]
Developing and Implementing an Enterprise Risk Management Program
Developing and Implementing an Enterprise Risk Management Program Author: Christina Bigelow, VP, Compliance At Pine Gate Renewables recognize the importance of a comprehensive Enterprise Risk Management (ERM) program to our business and the value of providing visibility into this effort to our stakeholders and partners. We pride ourselves on doing what is right and sharing […]