EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Fiat May Buy Italy's Montedison

LCG, July 2, 2001Italian automaker Fiat, in concert with Electricit de France, was expected to make a five billion-euros ($4.24 billion U.S.) bid for conglomerate Montedison, which controls Italy's largest privately owned utility, Edison.

Montedison announced yesterday that it would sell off 1.14 billion euros ($1.35 billion) of assets, setting off a scramble in the Italian investment community.

Fiat's board called a special meeting, following which it issued a short statement supporting plans to create value from its "own activities in the energy sector by transferring them to a designatedcompany that could acquire a significant stake in Montedison." No mention was made of possible participation by EdF, which already owns a fifth of Montedison.

Italian investment bank Mediobanca then took action to protect its agriculture and energy asset from takeover. Montedison announced that the 1.14 billion-euro asset sale had been made and consisted of selling 29 percent of its La Fondiaria insurance company to Italian insurer SAI and 35 percent of holding company Dieci Investmenti to investor Vincent Bollore of France.

Both SAI and Bollore are considered close to Mediobanca and between them they already have a 6 percent interest in Montedison.

Fiat and EdF may go whole hog for Montedison. The companies were reported to have organized a 20-billion-euro credit line, which would enable it to purchase Montedison's voting shares three times over.

Fiat originally was an acronym for Fabbrica Italiana Automobilii Torino (though in the U.S. it is widely supposed that the acronym means "Fix it again, Tony"). The company produces its own power for its auto plants and sells surplus power in the Italian market.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service