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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

Regulators Approve AEP Transition Plan

LCG, Sept. 29, 2000The Public Utilities Commission of Ohio yesterday approved the plan submitted by American Electric Power Co. Inc. for its transition to a competitive electricity market, PUCO and AEP said in separate announcements.

PUCO Chairman Alan Schriber said "AEP customers can begin to shop for competitive generation services" when the Ohio electric market opens up on January 1. He noted that AEP's plan "came before us as a settlement in which the overwhelming majority of intervenors either supported or did not oppose the resolution of the very complex issues inherent in these cases."

Nevertheless, the regulators did some tinkering with the plan as submitted, prompting Floyd Nickerson, AEP's Ohio president to comment "For the most part, we're pleased with the approval. However, we disagree with the PUCO's treatment of the gross receipts tax, and we will be asking for a rehearing on this issue."

The AEP transition plan affects its Ohio subsidiaries, Columbus Southern Power Co. and Ohio Power Co. Terms of the plan include:

  • Residential customers who do not switch will receive 5 percent off the generation portion of their bills through the market development period.

  • The first 25 percent of Columbus Southern's residential customers who switch will not be required to pay the generation component of current rates and will also receive a shopping incentive of 0.25 cents per kilowatt-hour. Any unused portion of the shopping incentive will be used by AEP to reduce transition charges.

  • The first 20 percent of Ohio Power's residential customers who switch as of Dec. 31, 2005, will be relieved of their obligation to pay transition charges for 2006 and 2007 -- a savings of 0.25 cents per kilowatt-hour.

  • The notice period for commercial and industrial customers who are under contract with AEP, but who choose to switch, is 90 days.

  • Transition charges will end by Dec. 31, 2007, for Ohio Power and by Dec. 31, 2008, for Columbus Southern.

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