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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

Southern California Edison Commits to 1,500 MW Wind Farm

LCG, December 22, 2006--Southern California Edison, an electric utility owned by Edison International, signed a 20-year power purchase agreement (PPA) for the electric output from a planned, 1,500 MW wind farm to be located in Southern California. The PPA is with Allco Wind Energy, a division of Allco Finance Group Limited (AFG).

The planned project will be built on a 50-square mile area in the Tehachapi area of Southern California. Allco Wind Energy stated that it would develop the project through a joint venture partnership with Oak Creek Energy Systems. The initial wind turbine installations are expected to be completed in 2010.

California's renewable energy goals and global warming legislation create a positive regulatory environment for wind developers. However, the PPA will need to be approved by the California Public Utilities Commission. Furthermore, to deliver the power to markets; the Commission will need to approve plans to construct a series of new and upgraded high-voltage transmission lines.

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