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

Calpine to Provide 3,000 Megawatts to Shell Energy

LCG, July 19, 2001Calpine Corp. and Shell Energy Service Co. said yesterday they had arranged a deal under which Calpine will sell up to 3,000 megawatts of Texas power to the oil company subsidiary.

Shell Energy will market the power in the Texas retail market, which is to begin opening up to competition beginning July 31 when 5 percent of the state's retail electric customers are given the opportunity to select alternative energy providers.

The companies declined to disclose financial details of the five-year deal which is scheduled to begin next January 1.

Calpine, which already has 2,700 megawatts of installed generation in Texas, will add another 935 megawatts at two plants scheduled to begin commercial operations by the end of this year, a company spokeswoman said.

Calpine, which has been active in the Texas generation market, said the Shell deal means it has sold 85 percent of the power it can produce in the Lone Star State.

The Texas customer choice program was originally scheduled to begin on June 1, but computer problems at the state's independent system operator delayed the start. The Texas retail power market is slated to be fully open by January 1 of next year.

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