Virginia Governor Signs Executive Order to Drive Renewable Energy Installations

LCG, September 18, 2019--The Governor of Virginia signed an Executive Order 43 yesterday setting statewide goals for clean energy deployment and expands upon the Commonwealth's commitments to reduce the environmental impact, mitigate the impacts of climate change, and boost the clean energy economy in Virginia.

Read more

Los Angeles Moves A Step Closer to Approving Huge Solar with Battery Storage Installation

LCG, September 12, 2019--The Los Angeles Department of Water and Power (LADWP) Board of Commissioners unanimously approved a plan on September 10 to install a 300-MW/1,200-MWh battery energy storage system (BESS) located at 8minute Solar Energy's (8mSE) Eland Solar and Storage Center.

Read more

Industry News

Lawmakers Roll Back San Diego Electric Rates

LCG, Sept. 1, 2000California Gov. Gray Davis is expected to sign emergency legislation passed Wednesday evening that will roll back electricity rates in San Diego where customer bills have doubled in the past three months.

The legislation, passed on Tuesday by the state Senate, cleared the Assembly late Wednesday as lawmakers scrambled to clear their agenda in order to begin their vacations today. The measure was sponsored by two San Diego Democrats, Dede Alpert in the Senate and Susan Davis in the Assembly.

The bill caps the generation portion of electric service at 6.5 cents per kilowatt-hour and would be retroactive to June 1. The only utility affected by the legislation is San Diego Gas & Electricity Co., whose customers became subject to market prices when the company paid off its stranded costs and no longer fell under a rate freeze imposed by the California electric restructuring law.

Rates for customers of Pacific Gas & Electric Co. and Southern California Edison Co., the state's other two investor-owned electric utilities, remain frozen.

SDG&E spokesman Doug Kline pointed out that the utility, having sold its power plants, had to buy power to serve its customers and simply passed the cost along to customers without making a profit. He said absorbing the difference between 6.5 cents and the market price could cost the utility $726 million by the end of 2002, when the rate cap would expire.

" It is a well intentioned, but seriously flawed bill. It is like ordering a shopkeeper to buy a loaf ofbread for $2 and sell it to customers for 60 cents," Kline said.

He added that the company was urging Davis to veto the bill, but there is faint hope of that. A spokesman in the governor's office, Steven Maviglio, said "If he gets the bill next week I suspect he will sign it sooner rather than later."

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service