South Field Energy Breaks Ground for 1,182-MW Power Plant

LCG, May 16, 2019--South Field Energy LLC announced yesterday its groundbreaking for an 1,182-MW, combined-cycle electric generating facility in Columbiana County, Ohio. The natural gas-fired facility is scheduled to commence operations in mid-2021 and represents a $1.3 billion investment.

Read more

Exelon to Shut Down Three Mile Island by September 30, 2019

LCG, May 10, 2019--Exelon Generation announced Wednesday that Three Mile Island Generating Station Unit 1 (TMI) will shut down by September 30, 2019. The Nuclear Regulatory Commission (NRC) had approved back in 2009 a 20-year extension for the nuclear energy facility through 2034.

Read more

Industry News

TVA Board Votes to Retire Over 2,000 MW of Coal-fired Generation

LCG, February 14, 2019--The Tennessee Valley Authority (TVA) Board voted today to retire both the Paradise Unit 3 and Bull Run coal-fired power plants within the next few years. The closures will reduce the TVA fleet electric generating capacity by 2,031 MW.

TVA's CEO stated, "This decision is not about coal. It's about economics. It's about keeping rates as low as feasible. Continued operation will impose significant costs to our customers that can be entirely avoided. When we run the units, which is infrequently, at least half the time they're out of the money."

The Bull Run Fossil Plant is located near Oak Ridge, Tennessee and began operations in 1967. The plant has an electric generating capacity of 881 MW.

The Paradise Fossil Plant is located in western Kentucky on the Green River. Unit 3 became operational in 1970, with a capacity of 1,150 MW. Units 1 and 2 commenced operations in 1963, each with a generation capacity of 704 MW. Units 1 and 2 were retired in 2017 and replaced in 2017 by the natural gas-fired Paradise Combined Cycle Plant, which has an electric generating capacity of 1,025 MW.

Paradise Unit 3 may be retired in December 2020, and Bull Run may be retired in December 2023.
Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service