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

Trans-Alta Sells Transmission Business for $560 Million

LCG, July 6, 2001Trans-Alta Corp. has agreed to sell its power transmission business for $850 million ($560 million U.S.) to a consortium of companies led by SNC-Lavalin Inc. and the Ontario Teachers' Pension Plan Board, Canada's National Post reported yesterday.

The sale was the final step in Trans-Alta's shift to electric generation and marketing. "It was challenging," said chief executive Steve Snyder. "This is it, in terms of the core restructuring."

The company, headquartered in Calgary, Alberta, said it had sold about $2 billion ($1.3 billion U.S.) in assets during the past two years and would spend up to $1.5 billion ($1 billion U.S.) per year over five years expanding its generation capacity.

The purchasing group, known as Alta-Link also includes Trans-Elect Inc., a new U.S.-based independent power transmission company that is keen to add additional transmission capacity to the North American power grid, and Macquarie North America Ltd., an Australian-owned investment bank.

Trans-Elect will operate the lines and own 10 percent of the business. The teachers pension fund will assume all the involved debt and own 25 percent, SNC will own 50 percent of the business and Macquarie North America, about 15 percent.

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