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

Peru to Go Ahead with Privatization Plan After Long Delay

LCG, December 13, 2002-After repeatedly delaying sales of national assets, Peru plans to begin privatization after new government officials take office January 1.

Peru had planned to sell state assets, including energy companies Egasa and Egesur, for $700 million. Earlier this year the country was forced to halt plans several times as investors pulled out and nationwide protests were held, resulting in the deaths of three protestors in June.

Now the country is ready to try again, poised to win the partnership of 25 regional governors who will take office soon. No one is quite sure of how control over state-owned assets will be divided between regional and central governments, as the creation of regional governments was voted on only recently, on November 17. However, the government agency Pro-Inversion, which is responsible for the sales of government assets, is positive about working with new regional governments.

Peru has decided to limit privatization of hydroelectric assets but is still interested in selling plants and gas projects. The energy companies Egasa and Egesur may be sold to Belgian company Tractabel for $167.4 million, pending court decisions.

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