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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

NRC Defers Decision Point for Duke's Proposed Lee Nuclear Station

LCG, July 31, 2013--The United States Nuclear Regulatory Commission (NRC) stated that it will not make a decision on Duke Energy's combined construction and operating license (COL) application for two nuclear units in South Carolina until 2016 due to federal budget cuts and Duke's decision late last year to change the location of the reactors by approximately 66 feet. The new schedule delays the NRC decisions by approximately three years.

In February 2008, Duke received notification from the NRC that the COL application to install two Westinghouse AP1000 (advanced passive) reactors at the Lee Nuclear Station that was submitted in December 2007 was accepted and docketed.

The NRC stated yesterday that the final hearing on the COL application is now expected to be held in April 2016, a delay from the previous target of March 2013.

Another factor driving the delay is a federal court decision that prevents the NRC from issuing new reactor licenses until its waste confidence rule is revised, which is anticipated to occur in September 2014.

Duke has not made a final decision to build the Lee Nuclear Station, but is proceeding with the COL application process to maintain the option to construct the reactors to meet future needs. Duke's proposal is relatively unique for the United States in that Duke plans to build the reactors at a greenfield site, rather than to add capacity at an existing nuclear power station. The greenfield site is located in Cherokee County, South Carolina.
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