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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

Con Edison Asks FERC to Keep Lid on Power Prices

LCG, Sept. 29, 2000Consolidated Edison Co. of New York yesterday urged the Federal EnergyRegulatory Commission to institute market reforms aimed at preventing "unreasonably high energy prices" and ensuring that consumers are protected from any market abuses by power generators.

Con Edison is asking for continued price controls, but nothing like the price controls imposed by California politicians in the wake of a few complaints from San Diego. Where the California price cap was lowered from $750 per megawatt-hour to $500 and then to $250, and a lid of $65 put in place for customers of San Diego Gas & Electric Co., Con Edison is asking only that FERC not allow a current wholesale market bid cap of $1,000 per megawatt-hour to expire as scheduled on October 28.

Con Edison's plea came in an investigation of the New York state wholesale power market being conducted by FERC, the New York State Public Service Commission and the New York Independent System Operator. The agencies want to know the cause of price spikes that occurred this summer and what can be done about them.

Con Edison thinks it knows at least one of the causes price gouging by independent power producers. The company said this summer's high electric bills were "a direct result of excessively high wholesale energy costs, a substantial percentage of which cannot be explained by increased fuel costs and the initiation of an efficient competitive energy market."

The utility also called for revised rules for buying and selling power "to avoid severe fluctuations in day-to-day electric prices." Com Edison said the problems and price spikes "suggest a market that needs substantial and immediate correction and enhancement."

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