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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

Calpine Buys UK's Saltend Plant from Entergy

LCG, July 6, 2001--Entergy Corp. said it yesterday it has sold Saltend Energy Centre, one of the largest natural gas-fired plants in the United Kingdom, to California-based independent power producer Calpine Corp. for 560 million ($784 million U.S.).

The 1,200 megawatt plant, one of Britain's biggest and most modern gas fired power stations, began commercial operations last November. Entergy said it would keep its 800 megawatt Damhead Creek power plant close to London. Damhead started operating in February.

Saltend provides electricity and steam for BP Chemical's Hull Works plant under the terms of a 15-year agreement. The rest of the facility's output is sold into the deregulated British power market.

Entergy said the sale of Saltend was "a substantial opportunity to immediately harvest value and redeploy capital."

"This modern cogeneration facility marks Calpine's entry into the robust UK power industry andrepresents the cornerstone for our European strategy," said Rick Haviland, Calpine senior vicepresident. "We plan to capitalize on our core power competencies developed in North America,including power plant development, construction, operations and power trading, selectivelyexpanding our operations in the UK, as well as Italy and Spain."

The sale brings the amount spent on British power station acquisitions in the past two years to more than 5 billion ($7 billion). Ten UK power plants, with a combined capacity of more than 16,000 megawatts, have been sold since the spring of 1999.

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