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

Texas Utilities Prepare to Sell Some Generation

LCG, July 10, 2001TXU Corp. and other electric utilities in Texas are preparing to auction generation representing at least 15 percent of their capacity in preparation for the state opening its retail power market to competition next January 1.

TXU said it will auction off 3,175 megawatts of generation by September 1, the date required by the Texas deregulation law. Potential bidders can register their interest through July 24, and the auctions will be held over the Internet during the last week in August.

The purpose of the sales is to prevent any of the state's utilities from having too much market power and to provide companies interested in becoming alternative electricity suppliers with generating capacity. The capacity will be auctioned in 25 megawatt blocks for up to two years.

"The law says we as a large generator must auction off or sell to retail electric providers about 15percent of our capacity," said TXU spokesman Rand LaVonn. "So if somebody wants to start, they can get power to resell."

American Electric Power Co., which acquired three Texas utilities with its takeover of Central and South West Corp., said it will sell off a total of 1,100 megawatts of capacity belonging to Central Power & Light Co., Southwest Electric Power Co. and West Texas Utilities Co.

Under the deregulation law, the companies can't auction the capacity to a subsidiary and the buyers can't enter into contracts to resell the power back to the utilities.

The utilities will continue to auction at least 15 percent of their capacity through the year 2007, or until alternative energy providers control at least 40 percent of their residential and small business retail power markets.

Reliant Energy Inc., which is also subject to the auction requirement, has not yet revealed its intentions.

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