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

FERC Will Question El Paso Electric About Enron

LCG, October 29, 2002-The Federal Energy Regulatory Commission intends to further examine transactions between Enron and Texas utility El Paso Electric.

El Paso Electric, not to be confused with the unrelated gas company El Paso Corp., was intimately involved with electricity sent into California during the energy crisis of 2000/2001. Enron marketing associates were reportedly involved with trading electricity on behalf of the utility.

Pedro Serrano, former El Paso Electric vice president, and Kathy Peterson, a current employee in the utility's power marketing segment, will be questioned on November 6. The depositions, to be held at FERC's Washington headquarters, are intended to uncover whether or not the utility participated in any of Enron's convoluted trading schemes in order to manipulate Western electricity markets.

Earlier this year FERC began investigations of El Paso Electric when the utility was found to have "excessive joint dealings" with now bankrupt energy company Enron in 2000 and 2001. El Paso Electric made significant revenue from such dealings, taking in $7.3 million during the month of June in 2000.

El Paso Electric serves roughly 309,000 customers in Western Texas and Southern New Mexico.

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