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News
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
Read more
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Industry News
SWEPCO Announces $2.2 Billion Investment in Wind and Solar Projects
LCG, June 2, 2022--Southwestern Electric Power Company (SWEPCO), a subsidiary of American Electric Power (AEP), announced earlier this week plans to acquire three renewable energy projects with a combined capacity of 999 MW. The projects represent a $2.2 billion investment in carbon-free, electric generation resources that are expected to commence operations by the end of 2025.
SWEPCO plans to issue another request for proposal (RFP) in the near term for additional renewable energy consistent with the company's integrated resource plan (IRP) for its energy and capacity needs.
AEP’s chairman, president and chief executive officer stated, “This investment is another key step in SWEPCO's efforts to secure renewable, affordable energy and achieve a more balanced fuel mix. AEP remains focused on adding approximately 16 gigawatts of regulated renewables to our generation portfolio by 2030 and reaching net-zero carbon emissions by 2050.”
SWEPCO is seeking approval from regulators in Arkansas, Louisiana and Texas to acquire the 200-MW Mooringsport solar project in Caddo Parish, Louisiana; the 200.6-MW Diversion wind project in Baylor County, Texas; and the 598.4-MW Wagon Wheel wind project spanning Logan, Garfield and Noble counties in Oklahoma. AEP will file with the Federal Energy Regulatory Commission (FERC) for approval to transfer the projects from Invenergy following state regulatory approvals.
Invenergy is developing the three projects. Diversion is expected to reach commercial operation in December 2024, and Mooringsport and Wagon Wheel are expected to come online in December 2025.
SWEPCO's long-term plan calls for more than one-third of its Southwest Power Pool (SPP) accredited capacity to be satisfied with wind and solar resources. In February, SWEPCO announced plans to add 72.5 MW of solar energy through a power purchase agreement with the proposed Rocking R Solar project in northwest Louisiana.
SWEPCO and its affiliate, Public Service Company of Oklahoma (PSO), also own and operate the 1,484-MW North Central Energy Facilities in north central Oklahoma. The project includes 199-MW Sundance, 287-MW Maverick and 998-MW Traverse wind projects and is one of the largest wind facilities in the world.
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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
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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