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

Illinois Instates Two Year Rate Freeze

LCG, June 11, 2002--A two-year rate freeze was signed into law after passing through both Illinois congressional houses.

On Thursday, Illinois governor George Ryan signed the bill, which is intended to protect electricity consumers from high prices in the nascent wholesale electricity market. The rate freeze, which was already in place, will continue through 2006.

Some criticism has arisen regarding utilities profiting from the freeze due to low wholesale prices. The Illinois Commerce Commission reported that Commonwealth Edison Company, a utility which serves 3.4 million Illinoisans, might reap some $2 billion from the rate freeze extension, although the ICC asserted no official stance on the legislation. ComEd spokespeople assert that the freeze will do what it is intended to, meaning benefit consumers.

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