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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

Privatization of Two Peruvian Companies On Hold

LCG, June 20, 2002--Major political upheaval continued over the privatization of two Peruvian power companies, as President Alejandro Toledo issued a letter of apology yesterday, and suspended the sale.

Negotiations between the government and local officials and civic leaders led to a decision to let the nation's high court decide the legality of the sale. Belgian firm Tractabel, which was declared the top bidder for the companies last Friday, accepted the decision.

A group of mayors put their support behind a referendum on the issue, rather than consideration by the high court. Widespread protests by some fearing job cuts and higher power tariffs had led to a 30-day state of emergency being declared, but with the reading of the president's letter Wednesday, Vice President Diez Canseco said that the state of emergency would be lifted by Friday. Alejandro cancelled a trip to the United States and Nicaragua in response to the protests.
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