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

PNM to Build Plant, Provide Power to TNMP

LCG, July 3, 2001Public Service Co. of New Mexico said yesterday that it had signed a long-term wholesale power supply agreement with Texas-New Mexico Power Co. and would build a new power plant near Las Cruces, N.M., to produce some of the electricity.

The new facility will be located about 12 miles west of Las Cruces, which is the chile pepper capital of the world. The 135 megawatt natural gas-fueled plant is expected to begin commercial operation in the autumn of next year, with expansion to 220 megawatts planned for late 2003.

PNM noted that the new plant will be its first investment in new power supply for the competitive wholesale electricity market.

The contract with TNMP, which runs from July 1 of this year until Dec. 31, 2006, will provide varying amounts of firm power through 2002 to complement existing contracts TNMP has in place, PNM said. As those contracts expire, PNM will replace them and become TNMP's sole supplier beginning Jan. 1, 2003. In the last year of the contract, TNMP will need 114 megawatts of firm power.

"Reliable service at stable prices is important to our customers," said TNMP chief executive Jack V. Chambers. "This agreement is an important step in insulating our customers from the dramatic price fluctuations and reliability problems that California has experienced."

"We are providing TNMP not only its power supply but also key services, including scheduling and dispatching of the wholesale power," said Jeff Sterba, PNM chairman and chief executive. "PNM will act as TNMP's agent to procure, schedule and dispatch wholesale power on TNMP's behalf."

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