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

Enron Looks for End to Dabhol Troubles

LCG, July 10, 2001The governments of many nations and some of the biggest banks in the world want to see an end to the dispute over Enron Corp.'s $2.9 billion Dabhol power project in the Indian state of Maharashtra, Enron chairman Kenneth Lay told reporters today.

"I think it's in everybody's best interest -- the government of India, the government of the U.S., the investors, the government of Japan -- we have many government financial entities involved in this project," Lay said.

Yesterday, Lay met separately with Indian Finance Minister Yashwant Sinha and Power Minister Suresh Prabhu. Today, he was to meet with the chief minister of Maharashtra.

He said yesterday's meeting with Sinha did not yield a solution to the brouhaha, a contentious battle with Maharashtra and its state-run utility over payments for power. "Obviously we didn't come to any conclusion today. We didn't expect to come to any conclusion today. It will take some more work," Lay said, adding "certainly we're very hopeful."

Dabhol's total debt is around $2 billion, with Indian lenders holding about $1.4 billion of the paper. Lay said some of the biggest banks in the U.S., Europe, Canada and Japan have portions of the remaining $600 million.

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