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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

EU May Finance Two New Ukrainian Nukes

LCG, Sept. 7, 2000--The European Union Commission yesterday approved a financial plan to help fund two new Ukrainian reactors as part of a safety strategy for Eastern European countries using Soviet-designed nuclear power plants.

The two new reactors in Ukraine would replace the last operating reactor at the notorious Chernobyl nuclear plant near Kiev, when it shuts down for good later this year.

The EU plan is expected to cost up to $1.5 billion, and the commission will seek loans from its member states to fund the program. In addition to providing money for decommissioning the four-unit Chernobyl, the plan would fund completion of two other Ukrainian reactors to assure that they meet "internally acceptable levels of safety."

The commission also proposes to provide funds for construction of a nuclear power plant in the Russian city of Kalinin, providing Russia agrees to permanently close at least one Soviet era facility.

The commission said its proposal is contingent upon a contribution from the European Bank of Development and Reconstruction.

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