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

Close Delayed on Two NRG Energy Plant Acquisitions

LCG, July 26, 2001-- NRG Energy Inc. said this morning that the Federal Energy Regulatory Commission has instructed its staff to convene a technical conference to "further explore issues related to the competitive effects" resulting from NRG's proposed acquisition of the Bridgeport and New Haven Harbor Stations in Connecticut.

The order directs FERC staff to report back to the Commission within 90 days after exploring "issues regarding market power concerns."

NRG has planned extensive emissions upgrades to the 660 megawatt Bridgeport plant and the 460 megawatt New Haven station, both of which it is buying from United Illuminating Co. FERC's action will delay closing the transaction beyond this summer, the original target of the companies, NRG said.

"Upon review of the FERC order received yesterday, it is clear some issues have yet to be resolved. However, NRG is confident the FERC will ultimately approve the transaction," said Craig A. Mataczynski, chief executive of NRG North America.

"Connecticut will benefit from this acquisition as it will help to ensure a healthy fuel diversity within New England's power grid so that affordable, reliable and environmentally responsible electricity is available when and where it is needed," he added.

Mataczynski said his company plans significant cuts in emission from both plants. , "NRG remains committed to reducing sulphur emissions at the New Haven facility by 50 percent and, after installing additional environmental controls, reducing sulphur emissions by more than 90 percent at the Bridgeport Harbor facility," he said.

The transaction also requires approval by the U.S. Department of Justice.

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