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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Exelon to Shut Down Three Mile Island by September 30, 2019

LCG, May 10, 2019--Exelon Generation announced Wednesday that Three Mile Island Generating Station Unit 1 (TMI) will shut down by September 30, 2019. The Nuclear Regulatory Commission (NRC) had approved back in 2009 a 20-year extension for the nuclear energy facility through 2034.

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Industry News

Israeli Pipeline in Question if Belgian Company Pulls Out

LCG, April 23, 2002-Belgium's Tractabel SA, skittish over the escalated Israeli-Palestinian conflict, plans to leave an Israeli natural gas pipeline project.

Tractabel, critical because of its technical abilities, intends to abandon Israel's half-billion dollar project. The company has a 60 percent stake and would build the pipeline and operate it for thirty years before yielding it over to the Israeli government. Although it has not officially bowed out, notice is expected within the next few days.

The proposed pipeline would connect the Mediterranean Sea to various inland locations.

The other shareholders, Paz Oil Ltd. and Africa Israel Investments Ltd. are seeking foreign investors and advisors to replace Tractabel.

Political conflict has always plagued Israel's attempts at creating a natural gas market. While Egypt is a logical supplier geographically speaking, the Egyptian government is loathe to strike deals because of its Palestinian ties. State-owned monopoly Israel Electric Corp. has been waiting over a year to sign a $3 billion, 10-year natural gas contract with Egypt.

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