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

PG&E Unit Owes Rhode Island Utility for Power

LCG, July 6, 2001The Providence (R.I.) Journal wondered this morning how it was possible for a big electric power plant owned by a big utility holding company headquartered in a huge state to owe an itty-bitty local utility in the nation's smallest state more than a half-billion dollars for electricity.

The Manchester Street Station can produce enough electricity to light more than half the homes in Rhode island, yet it is in arrears on $525,000 worth of electric bills to Narragansett Electric Co., the local utility for Providence and environs and former owner of the power plant.

The new owner is USGen New England, which the paper notes is owned by PG&E National Energy Group, which is owned in turn by PG&E Corp. and is a sister company of Pacific Gas & Electric Co., which is the local utility for San Francisco and two-thirds of California.

"PG&E National Energy Group is flush with cash (and) can afford to pay its bill)" the Journal thought.

What is a 495 megawatt power plant doing buying electricity in the first place? Well, it can't run all the time, but its customers expect electricity all the time, so USGen buys power from others when it is fixing the Manchester Street Station.

Narragansett Electric says it has been sending a monthly bill to USGen, but none of the bills have been paid. "They have decided to completely blow off their electric bill since September 1998," said Ronald Gerwatowski, the lawyer for the Providence utility.

A spokeswoman for USGen told the paper that details on the purchase of electricity from Narragansett Electric were spelled out at the time USGen bought the plant, but she didn't say whether those details covered non-payment of the bill.

The Journal said the issue has gone to the Rhode Island Public Utilities Commission for resolution.

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