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News
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Los Altos, September 12, 2023 — LCG Consulting, a pioneer in energy market analysis and consulting services, is proud to announce its groundbreaking prediction of the value of every path to be traded in the upcoming 2024 Annual Congestion Revenue Rights (CRR) auctions at the California Independent System Operator (CAISO).
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LCG, July 13, 2023 – This paper explores the interplay between projected renewable energy additions onto the electricity grid in Texas operated by the Electric Reliability Council of Texas (ERCOT) and the region’s existing electrical transmission network.
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Industry News
Emera to Sell Three Combined-Cycle Power Plants in New England
LCG, November 29, 2018 --Emera Inc., headquartered in Halifax, Nova Scotia, announced this week that it has agreed to sell three natural gas-fired electric generating facilities that it owns in New England to the investment firm Carlyle Group for $590 million. The combined electric generating capacity of the three facilities is approximately 1,100 MW. The acquisition is expected to close in first quarter 2019.
The transaction includes three combined-cycle power plants: the Bridgeport Energy facility (560 MW) in Bridgeport, Connecticut; the Tiverton Power facility (283 MW) in Tiverton, Rhode Island; and the Rumford Power facility (265 MW) in Rumford, Maine. Emera previously acquired the facilities in 2013.
The President and CEO of Emera stated, "This transaction, part of the three-year funding plan we introduced during our third quarter earnings results, increases Emera's financing flexibility to capitalize on our regulated growth opportunities today and in the future. Our New England facilities delivered solid financial results during the five years of our ownership, and distinguished themselves with industry leading safety and operational performance. I want to thank our dedicated teams whose expertise and commitment produced those achievements. The Carlyle Group is highly regarded in the industry and well positioned to lead these facilities to continued success."
The Carlyle Group Managing Director and Head of Carlyle Power Partners stated, "Through this acquisition, Carlyle Power Partners will increase its generation capacity in the attractive New England market, making us one of the largest owners of power generation facilities in the region. We look forward to leveraging our existing market knowledge to create additional value for Bridgeport Energy, Tiverton Power and Rumford Power, building on their already strong track records of operational excellence."
Cogentrix, The Carlyle Group's management platform in the power generation space, will assume asset management, operations and maintenance and energy management responsibilities for the portfolio. Cogentrix currently manages Carlyle Power Partners' fleet of power plants in the Northeast, which totals approximately 1,400 MW.
The transaction is subject to the regulatory approvals of the U.S. Federal Energy Regulatory Commission (FERC) and under the provisions of the Hart-Scott-Rodino Antitrust Act.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
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PLATO
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