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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

BG North America Adds to Its Northeast Power Portfolio

LCG, December 28, 2006--BG North America, a wholly owned subsidiary of BG Group plc, announced today that it has executed an agreement to purchase the Lake Road Power Plant in Connecticut. The stated purchase price is $685 million. The purchase is expected to close in the first quarter of 2007, given timely regulatory approvals.

The Lake Road Power Plant, located in Dayville, is a combined cycle facility that can be fueled by either natural gas or oil. The electric generating capacity of the plant is 805 MW, and the plant delivers power into ISO New England (ISO-NE).

BG Group is a global natural gas business that operates four business segments ? exploration and production, LNG, transmission and distribution, and power. The purchase of the Lake Road Power Plant is the second power plant acquired this year by BG North America. In September, BG North America entered the power market by purchasing the 170-MW, gas-fired, Dighton Power Plant from Calpine Corporation for $90 million. The Dighton Power Plant, located in Massachusetts also delivers power into ISO-NE.
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