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ERCOT 2019 Summer Quarter Outlook

LCG, May 29, 2019-- LCG released a new summer (June – September 2019) report that looks at how the ERCOT grid copes with strained network conditions. Resource adequacy analysis for the region is especially important during extreme summer loading conditions. This summer the network is under particular scrutiny as the reserves have tightened because of recent retirements.

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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.

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Industry News

AES to Acquire El Salvador Units from Reliant

LCG, Sept. 1, 2000AES Corp. said yesterday it had entered into an agreement for a subsidiary to acquire for undisclosed terms Reliant Energy International's interest in an El Salvador company which owns three electric distribution companies.

Reliant has owned 50 percent of El Salvador Energy Holdings S.A., with Venezuelan utility Grupo EDC owning the other half. AES acquired control of EDC in a hostile takeover earlier this year. On Wednesday, AES said it had sold Colombian assets acquired in the EDC deal to Unin Fenosa of Spain.

The three El Salvador distribution companies, Compania de Alumbrado Electrico de San Salvador, S.A. de C.V., Empresa Electrica de Oriente, S.A. de C.V. and Distribuidora Electrica de Usulutan, S.A. De C.V. serve 3.5 million people, approximately 60 percent of the population of El Salvador, including the capital city of San Salvador.

Reliant said the sale is part of its plan to get out of the Latin American market and put its resources to work in the competitive energy services businesses of the U.S. and Western Europe. The company is still looking for buyers for its interests in electric systems in Brazil, Colombia and Argentina.

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