ERCOT 2019 Summer Quarter Outlook

LCG, May 29, 2019-- LCG released a new summer (June – September 2019) report that looks at how the ERCOT grid copes with strained network conditions. Resource adequacy analysis for the region is especially important during extreme summer loading conditions. This summer the network is under particular scrutiny as the reserves have tightened because of recent retirements.

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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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Industry News

Dark Harbor Wind Farm Receives Financing

LCG, May 17, 2005--Western Wind Energy Corporation announced that The Manufacturers Life Insurance Company is prepared to provide CDN$29.7 million of construction and term debt financing for the Dark Harbor Wind Farm, a 20 MW project located in New Brunswick. The balance of the project financing, CDN$8.2 million (excluding a letter of credit of CDN$1.5 million for the debt service reserve account), will be obtained by way of a private placement of the equity of Western Wind Energy Corporation.

The wind project is one of many renewable energy projects that the Canadian provinces are pursuing to reduce reliance on fossil fuels and the corresponding production of greenhouse gases. The Province of Ontario has committed to closing 7,600 MW of coal-fired generating capacity, and last month closed the 1,140-MW, coal-fired Lakeview Generating Station as a step towards reduced emissions. Another supply strategy under consideration is the reactivation of mothballed, nuclear power plants, such as Units 1 and 2 at the Bruce A nuclear generating station in Kincardine.

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