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.

Read more

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.

Read more

Industry News

CMS Energy to Exit India

LCG, Nov. 12, 2001--Michigan utility holding company CMS Energy Corp. said in an e-mailed news release this weekend that it is planning to sell all of its energy interests in India.

Early this summer, CMS said that it was losing its enthusiasm for doing business on the subcontinent after plans to build an 1,850 megawatt power plant along with a liquefied natural gas terminal on the Coromandel Coast, just north of Madras, became hopelessly entangled in red tape.

CMS did not say the difficulty of doing business in India was the reason for its planned exit from that country.

Kelly M. Farr, the company's director of communications, said "CMS Energy is refocusing its business strategy to repair its overleveraged balance sheet. As such, we will concentrate on our home base of North America for future growth and ultimately sell our energy assets in India."

But there are parallels between the $1.6 billion LNG-power plant project and Enron Corp.'s similar $2.9 billion project on the west coast of India.

CMS said it would look for buyers for its 49 percent interest in the 200 megawatt Basin Bridge power plant in Madras, its 23 percent stake in a 235 megawatt plant in southern Andhra Pradesh state and its 50 percent share of a 250 megawatt plant under construction south of Madras.

CMS has about $690 million invested in those three projects.

Farr said no timetable had been set for the sell-off.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service