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News
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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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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’s 12 Percent Reserve Riles Some Californians
LCG, November 20, 2002In an effort to prevent future energy crises, FERC plans to instate a 12 percent reserve requirement, but some utilities say such a move will cost too much. The Federal Energy Regulatory Commission is considering setting the state energy reserve level at 12 percent as part of a larger effort to prevent events like the California energy crisis of 2000/2001, which landed Northern California utility PG&E in bankruptcy court. However, some Californian officials object to the proposed measure, saying that forcing utilities to buy extra electricity will result in higher costs, the opposite of the intended effect of preventing high costs. The California Consumer Power and Conservation Financing Authority asserts that FERC has gone beyond its authority in considering such measures, while representatives from Southern California Edison find minimum reserves necessary but object to FERCs proposal. Some officials feel that the Independent System Operator should take responsibility for keeping the lights on. Naturally, utilities will object to any new rules limiting their flexibility; FERC will have to determine whether or not the reserve requirement will be worth its cost to the utilities. FERC will consider and solidify the reserve issue, as well as other facets of market design, next year.
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