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

Williams Cos. Voluntarily Yields Gas Trading Data

LCG, October 29, 2002-On Friday, Williams admitted that some of its traders presented false information regarding energy-related trades; today the company has given the CFTC its records.

As the third company to reveal that its traders have reported false data, Williams has announced it is cooperating fully with the Commodity Futures Trading Commission.

False trading data may have been used to affect price indexes published and used to determine natural gas prices for contracts.

The Federal Energy Regulatory Commission is currently investigating several aspects of energy trading and has requested trading data from various companies, such as Duke Energy.

Dynegy Inc. and American Electric Power Co. have also found that some of their employees made false reports in industry publications.

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