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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

Progress Selects Site for New Reactorin Florida

LCG, December 13, 2006--Progress Energy has selected a site in Levy County, Florida near its existing Crystal River Energy Complex for the possible construction of a new nuclear power plant. Company representatives emphasized that the decision to build nuclear reactors at the site has yet to be made and is not expected for at least a year. However, by selecting the site now, the company will be positioned to proceed such that nuclear power could be generated at the site by the year 2016.

The preferred site includes approximately 3,000 acres and is located about seven miles inland from the Gulf of Mexico and eight miles north of the Crystal River Energy Complex, which currently includes a nuclear reactor and four coal-fueled units.

The new power plant would provide baseload electricity to meet increasing customer demands for electricity, which Progress expects to grow by more than 25 percent in the next decade. Nuclear power is seen as viable source of electricity that does not rely on foreign oil supplies and does not emit greenhouse gases.

Progress currently operates five reactors at four nuclear sites, including the reactor in Florida. In November of last year, Progress updated its plans with the Nuclear Regulatory Commission (NRC) and announced that it planned to submit combined operating license (COL) applications for a site in the Carolinas and a site in Florida. Each COL is to include up to two reactors at each site.

Progress stated that the application for the COL for the Florida site may be filed in 2008. Given the NRC approves the application and Progress elects to proceed, construction could start in 2010, with operations commencing in 2016.

In January 2006, Progress Energy Carolinas announced that it had selected its existing Harris Nuclear Plant site to evaluate the addition of new nuclear reactors to serve the growing electric demand of its customers. The original site plan included four reactors, and the company stated that the site offers sufficient land, water and electric transmission capacity to accommodate at least one new unit. Westinghouse Electric Company was selected as the vendor to provide the reactors.
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