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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

Ontario Freezes Rates For Four Years

LCG, November 13, 2002--The Canadian province of Ontario will experience a retail electric rate freeze for the next four years, with the ruling Progressive Conservative hoping to temper negative reactions to increases of nearly 50 percent for some users.

While halting a trend that has frustrated business owners and residents, the move, six months into the beginning of deregulation in the province, was seen by some as increasing other risks. "It would be positively hazardous for anyone to lay down their cash here in any form of long-term investment," Tom Adams, the executive director of a Toronto consulting company, told the New York Times.

The decision, which the energy minister John Baird said was needed to "smooth out the bumps to a competitive market," will also result in refunds of about 75 Canadian dollars ($47.79 US) to small customers. Distribution companies at the local level will not be allowed further increases in charges for delivery.

A major feature of deregulation has been the breakup of the traditional, vertically integrated utility, Ontario Hydro, which has had generating plants transferred to Ontario Power Generation, a new entity which is also owned by the government. The proportion of generation it controls in the province is to be reduced gradually, to no more than 35 percent by 2012. It is hoped this will attract a broader array of market participants. Meanwhile, Hydro One was created in order to take responsibility for transmission. Ontario has had unexpected delays in bringing nuclear generators back on line, increasing its power purchasing costs.

Sithe Energies, a merchant developer, had been considering building plants outside Toronto, but has backed out recently. Speaking of his company's perspective on the environment for investment in Ontario, Duane Cramer, a Sithe vice president, told a conference in October, "It is important to recognize that the world in which we operate is much different than the world in which the Ontario market was created."
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