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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

PSEG Global Bid Wins Peru's Electroandes

LCG, July 24, 2001Public Service Enterprise Group Inc. subsidiary PSEG Global said yesterday its offer of $227.1 million was the winning bid in an auction of Peru's sixth-largest electricity generator, Empresa de Electricidad de los Andes S.A.

PSEG will also invest $17.5 million in the company over the next five years, a condition of the bidding.

Electroandes' owns four hydroelectric installations with 183 megawatts of capacity, about 6 percent of Peru's total, and 460 miles of transmission lines located in the Central Andean region, northeast of the capital city of Lima.

"This purchase diversifies our portfolio into hydroelectric generation and is consistent with ourcorporate strategy of building sustainable businesses in carefully selected markets that provide strongearnings growth and create synergies with existing investments," Robert L. Logan, president of PSEG Americas, the company's Latin America subsidiary, said in a statement.

Up to 40 percent of Electroandes has been reserved for employees and the firm's largest customer, who would pay the same price as PSEG Global and have 10 days to exercise their options. Employees can purchase up to 10 percent of Electroandes and the customer, U.S.-owned Doe Run Peru, a copper mining company, can buy 30 percent.

The acquisition of a controlling interest in Electroandes, together with PSEG Global's 44 percent stake in electricity distributor Luz del Sur, makes the U.S. company the largest foreign investor in Peru, PSEG said.

Logan said "PSEG Global has confidence in the Peruvian system, and we look forward to working with local officials, Electroandes' employees and our customers to build a strong partnership for the future."

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