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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

LS Power Announces New PPA for Plum Point Project

LCG, December 8, 2006--Plum Point Energy Associates, LLC ("Plum Point") announced yesterday that it has executed its second power purchase agreement (PPA) this week associated with the 665-MW Plum Point Project located near Osceola, Arkansas. The latest PPA is a 30-year agreement for 70 MW with Southwestern Electric Cooperative, Inc. ("SWECI"). LS Power announced that this PPA closes out subscription on the 665 MW facility.

The Plum Point Project is a greenfield, coal-fired power project. Construction began in March of this year, and commercial operations are scheduled to commence in mid-2010.

Earlier this week, LS Power announced that it had signed a 50 MW, 30-year PPA with Missouri Joint Municipal Electric Utility Commission ("MJMEUC"). Plum Point announced in August that it had signed a 200 MW, 30-year PPA with South Mississippi Electric Power Association. LS Power also states that it has a 30-year PPA for 50 MW with The Empire District Electric Company.

LS Power has previously announced that it has sold tenancy in common interests in the project to East Texas Electric Cooperative, Inc., the Missouri Joint Municipal Electric Utility Commission, the Empire District Electric Company, and the Municipal Energy Agency of Mississippi. Furthermore, it has stated that it retains a 62.85% ownership interest in the project.

Plum Point is a a member of the LS Power Group. On September 15, 2006, the LS Power Group and Dynegy, Inc. announced a merger transaction involving certain assets of the LS Power Group, including the Plum Point Energy Station, and Dynegy, Inc.'s assets.
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