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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

Two SoCal Ed Bills ClearCalifornia Assembly Panel

LCG, July 19, 2001The California state Assembly Energy Cost and Availability Committee came to a fork in the road last night and took both routes, voting in favor of two widely divergent measures aimed at providing cash to nearly-bankrupt Southern California Edison Co.

The panel voted 11-9 in favor of a bill that would pay SoCal Ed $2.4 billion for its transmission assets. The measure also relies on power producers to reduce their claims against the utility for unpaid bills by 30 percent.

Critics of the bill complain that it is too complicated and say it might be better to let SoCal Ed join Pacific Gas & Electric Co. in bankruptcy court. But proponents counter that keeping the utility out of bankruptcy is crucial to getting the state out of the power purchasing business.

Democrat Assemblyman Fred Keeley of Boulder Creek conceded the measure was complicated but said lawmakers sometimes have to deal with messy situations. "If this was easy, or if this was simple, we wouldn't call it a crisis," he said before the vote. "This is far beyond a problem or a policy that we can debate and as a consequence the solutions are neither simple or easy."

Late last night, the Assembly Appropriations Committee approved the bill 12 to 6, and it could come to a floor vote as early as today.

A second bill that cleared the Assembly committee by a 12-3 vote was described by its author, Los Angeles Democrat Rod Wright, as a "straight bailout." The state would back a $3.5 billion SoCal Ed bond issue and be repaid through a $2 per month charge on customer bills.

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