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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

California Lawmakers to AskReliant be Held in Contempt

LCG, July 19, 2001The California Senate Select Committee to Investigate Market Manipulation voted 6-0 yesterday to ask the full Senate to cite Reliant Energy Inc. for contempt after the energy company failed to provide confidential documents.

Reliant thus joins Enron Corp. in facing the state Senate's first contempt citations since 1929.

State Sen. Joe Dunn, the Democrat chairman of the panel investigating possible wrongdoing by independent power producers during California's energy crisis, said his committee would now begin preparing a full report on its charges against Reliant. He added that the committee's report on Enron could be submitted as early as today.

"We have been discussing this with them virtually every single day, and they are not in complianceyet," Dunn said of Reliant. "Twenty-four hours ago I was cautiously optimistic about them, I am nowback to pessimistic."

Reliant said it had offered to submit around 10,000 documents but Larry Drivon, special counsel with the select committee, said Reliant's offer represented a good deal less than what some other firms have offered, and most skirted the issues the committee is interested in.

"What we've gotten this time is both insignificant and largely irrelevant," Drivon said.

Also yesterday, the select committee voted not to proceed at this time against some other energy companies, pending a review of their compliance.

As for Enron, the company has filed suit in Sacramento Superior Court challenging the committee's authority to subpoena documents. Enron has argued that the papers are in Texas, well out of the California state Senate's jurisdiction. Enron also says the state Senate lacks jurisdiction over wholesale electricity prices, which are regulated by the Federal Energy Regulatory Commission.

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