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

UK Threatens Tighter Control over Generators

LCG, July 18, 2001Britain's new Minister of Energy, Brian Wilson, says he will "listen carefully" to requests by Callum McCarthy, head of the government's Office of Gas and Electricity Markets, to reintroduce a "good behavior" clause in the operating licenses for power plant owners.

Wilson spent part of last week in California, the world's fifth-ranked economy, just behind that of the United Kingdom, learning first-hand about out-of-control power prices, power shortages, rolling blackouts, and possibly political rhetoric.

McCarthy has said he is concerned that the so-called "new electricity trading arrangements" introduced in March will not prevent power plant owners from market abuse. His good behavior clause was thrown out by the competition earlier this year after objections by the companies owning generating stations.

Wilson pointed out that six years ago California had a surplus of electricity capacity similar to that currently enjoyed by England and Wales, but it vanished seemingly overnight. He does not see that happening in the UK, but does see a need for a balanced portfolio as natural gas-fueled generation makes inroads into an industry dominated by coal.

Gas fired generation, which has risen from virtually nothing 10 years ago to supply more than 30 per cent of the country's power needs, is still growing rapidly. Alarm bells have been triggered by a doubling of wholesale gas prices since 1999, the Financial Times observed this morning.

The expectation that most nuclear power stations will close in the next 20 years worries the minister. He stresses no decision has been taken on replacing nuclear capacity but says: "It would be lemming-like to allow nuclear to fade away without pointing out that we rely on it for 25 per cent of our power."

Possibly the only member of Britain's ruling Labour Party who favors nuclear power plants, Wilson is yet to be convinced that renewable energy generation could completely replace atomic plants, but acknowledges that Britain needs to do much more to boost green power, the Financial Times said.

"If we are going to make a serious stab at renewables there has to be some give and take from environmentalists," he said.

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