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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

European Firms Get $700 Million to Complete Iraqi Plant

LCG, Sept. 19, 2000The government of Iraq has signed contracts worth $700 million with several European companies to complete a power project halted by U.N. trade sanctions, the Iraq News Agency reported yesterday.

The report from the official news agency Iraq's public relations department did not say which companies were involved or whether they were acting separately of as a consortium.

The plant, about 250 miles north of Baghdad near the city of Mosul, will be completed by firms from England, Germany, Italy, Sweden and Yugoslavia. Money for the program has been set aside from U.N.-authorized oil export revenues.

The news agency did not say whether the U.N. sanctions committee, which examines Iraqi contracts, had approved the program, nor did it disclose the capacity of the power plant. It did say that when it was completed the plant would make up the current power shortage in Iraq.

If it does, the facility will be the mother of all power plants, to borrow a phrase favored by Iraqi strongman Saddam Hussein. According to the news agency, Iraq currently has about 5,000 megawatts of generation while power officials estimate the country's needs at 10,000 megawatts.

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