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

KCP&L Sells Some Colorado Gas Assets

LCG, Sept. 21, 2000--Kansas City Power & Light Co. said yesterday hat its natural gas development subsidiary would sell about 24,000 acres of producing natural gas properties to EvergreenResources Inc. for $70 million in cash, $100 million in mandatory redeemable preferred stock and $6 million in Evergreen common stock.

The properties KLT Gas Inc. has agreed to sell to Evergreen are located in the Raton Basin of Colorado and represent about fifteen percent of the Company's current natural gas development acreage, the company said.

Gregory J. Orman, chief executive of KLT, said "We have developed these properties to the stage where they are an excellent fit for the buyer, which has allowed us to sell the assets and redeploy the capital in other high growth opportunities."

The transaction will produce a gain of between 60 cents and 80 cents per share for KCP&L, depending on accounting treatment. Bernie Beaudoin, president of the Kansas City utility, said "The significant gain on the sale of these properties demonstrates our ability to create value. We envision a continuous process of recognizing gains for our shareholders through these kinds of transactions."

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