Siemens Energy to Provide Hydrogen-Capable Gas Turbines to OPPD

LCG, June 18, 2021--Siemens Energy announced yesterday that Siemens Energy will provide two F-Class turbines to power Omaha Public Power District's (OPPD) new Turtle Creek Station Peaking Plant in Papillion, Nebraska.

Read more

Summer 2021 Resource Adequacy Scenarios- Revised Report

LCG June 11, 2021--LCG Consulting (LCG) has released its analysis of resource adequacy in ERCOT for summer 2021, as we do each spring.

Read more

Industry News

Lawyers Use Internet to Find Avista Plaintiffs

LCG, Sept. 5, 2000Call it high-tech ambulance-chasing. Lawyers are taking to the Internet looking for plaintiffs who want to sue companies suspected of wrongdoing.

Avista Corp., the former conservative Washington Water Power Co., is a target of a law firm that is rounding up shareholders the lawyers think they can convince there's a pot of gold at the end of the litigation. There often is for the lawyers. There often isn't for the plaintiffs.

One of the many law firms using the Internet to scare up a case against Avista is Berman, DeValerio & Pease, of Boston. It or they warned in an announcement on the Internet Friday that "a deadline is fast approaching for shareholders who want to sue" Avista and five other companies. The lawyers invited shareholders to call in order to learn "your ability to potentially recoup your losses."

Avista made some stupid moves earlier this year and barely broke even in the second quarter, but it is unlikely the company set out to destroy the fortunes of its shareholders. What it did was guess wrong on the direction power prices would take when it sold its 175 megawatt interest in the Centralia, Wash., power plant. Instead of contracting for replacement power, it bet that the price of power would drop and it could cover its shortage for less money in the spot market.

You don't go to jail for trying to fill a straight.

Copyright © 2021 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and Optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service