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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

Panda Plans 1,070 Megawatt Illinois Merchant Plant

LCG, Sept. 14, 2000Panda Energy International Inc. said yesterday it would build a 1,070 megawatt merchant power plant on the outskirts of Mount Vernon, Ill., about midway between St. Louis and Evansville, Ind. on I-64.

Construction on the $350 million natural gas-fired, combined-cycle facility is scheduled to begin in early 2002 with commercial operation beginning in late 2003. Panda will sell the plant's output in the wholesale market through an interconnection with a Mount Vernon substation.

Illinois Gov. George Ryan welcomed the plant, noting there is an increased demand for energy. "Iwelcome Panda Energy's contribution to our state's growth and development," Ryan said. "Inaddition, this plant will provide a much needed tax base that will help improve facilities for the localschool district."

The plant will add several million dollars in taxes to the community and will make $3 million to $5million in local purchases each year it is in operation, according to Garry Hubbard, a Panda senior vice president.

Hubbard said about 500 jobs and an estimated payroll of $50 million will be created during an 18-month construction period. Once the plant is operational, 46 full-time jobs will open with an annual payroll of $2 million to $3 million. In addition, 100 off-site support jobs will be created.

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