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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

Enron Inks Billion Dollar Deal with Hotel Chain

LCG, Sept. 7, 2000Enron Energy Services and Starwood Hotels & Resorts Worldwide Inc. said yesterday they have signed a 10-year energy management deal worth more than $1 billion.

Starwood chief operating officer Robert F. Cotter said the arrangement will save the company $200 million in energy costs at its Sheraton, Westin, St. Regis and other properties over the life of the contract.

Under the agreement, the Enron Corp. subsidiary will provide or procure electricity and natural gas and manage the hotel chain's energy "infrastructure." Cotter said the reduced energy consumption in the company's hotels will result "in a huge cost savings and more environmentally friendly operations."

Lou Pai, chief executive of Enron Energy Services noted that Starwood was the first hospitality company to outsource energy management. "To ensure predictable and lower energy prices, weare providing Starwood the full range of our energy management services including commoditymanagement, energy asset management and project management," he said.

Times are changing, observed Glenn Tuckman, Starwood's senior vice president for operations. "A decade ago, if we had tried to aggressively conserve energy in our hotels, it would have been very apparent to our guests, and not in a good way. Light bulbs would have taken a few seconds to turn on and would have appeared dim at first; the TV remote control would not have worked properly and the temperature in guest rooms would have been erratic."

He said things are different now. "We want every hotel associate to treat our hotels as they would their own home -- after all, we all know to turn off lights when we leave a room in our house, but somehow, when it is a hotel, or office building or any other large public space, we just assume it's someone else's job to watch energy." He added "A little personal energy conservation will go a very long way."

Pai said Enron would provide Starwood with "the full range of our energy management services including commodity management, energy asset management and project management."

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