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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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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

Texas Commission May Fine Enron Unit $7 Million

LCG, June 4, 2002--The Texas Public Utilities Commission recommends that Enron unit Enron Power Marketing(EPMI) be fined for its hand in electricity market manipulation.

The Texas Commission asserts that EPMI took part in various manipulative measures, such as artificially generated electricity shortages caused by "enormous overscheduling."

Enron must respond to the possibility of a $7 million fine within 30 days.

Other companies under investigation in the Texas electricity market, which saw a major deregulatory step January 1, include American Electric Power, Mirant, Reliant Energy, and TXU.

Texas regulators say that overestimated demand and scheduling mismanagement have led to high prices and $29 million in overpayments.

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