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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

Heat Returns to Pressure State Power Reserves

LCG, Sept. 18, 2000--The California Independent System Operator was facing another day of thin reserve power supply margins today with a forecast peak demand of nearly 44,000 megawatts, as another heat wave moved in on the state over the weekend.

At dusk yesterday evening, the temperature in Palo Alto was 90, and that was on our front porch.

For today, a heat advisory was issued a 3:30 a.m. for the entire San Francisco and Monterey Bay Areas with highs predicted in the 90s at the beaches and as high as 110 inland. Record highs were expected to continue into tomorrow.

For Los Angeles, highs were predicted from the mid to upper 70s near the coast to the high 80s inland. In San Diego, where high temperatures have meant high electric bills and short tempers, it was expected to be in the 70s near the ocean and in the 90s inland.

California's Central Valley will sizzle this afternoon, with temperatures reaching 107 at Redding in the north and 102 in Bakersfield in the south. At Sacramento, the state capital, highs today were forecast at 105.

Temperatures in all of these places are expected to be two or three degrees higher tomorrow and Cal-ISO is guessing that it will need about 45,000 megawatts to serve peak demand, with nothing in reserve.

At 9:30 a.m. Pacific Time today, Cal-ISO issued a "power watch" bulletin, which it said was the first of several expected this week.

At 11:00 a.m. this morning, it was 84 degrees on our front porch and the sun hadn't hit that side of the house as yet.

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