Minnesota Power Announces Vision for 100 Percent Carbon-Free Energy by 2050

LCG, January 13, 2021--Minnesota Power, an ALLETE company, yesterday announced its vision to deliver 100 percent carbon-free energy to customers by 2050.

Read more

NuScale Power and UAMPS Announce Agreements for Carbon-Free Nuclear Power Project

LCG, January 12, 2021--NuScale Power and Utah Associated Municipal Power Systems (UAMPS) announced yesterday that they have executed agreements to facilitate the development of the Carbon Free Power Project (CFPP).

Read more

Industry News

Triumvirate to Build 633 Megawatt Houston Plant

LCG, Nov. 7, 2000--A partnership between a U.S. energy company and a German independent power producer announced yesterday that it had formed a joint venture with another U.S. firm to build, operate and manage a 633 megawatt natural gas-fired merchant power plant 30 miles southwest of Houston, Texas.

Avista Corp. and Steag AG of Germany were joined by NRG Energy Inc. in the Brazos Valley project. Avista-Steag will own 51 percent of the plant and NRG the remaining 49 percent. Financial data were not disclosed.

Eberhard Schmidt, speaking for Avista-Steag, said "The Brazos Valley project represents an important step toward increasing the efficiency of the Electric Reliability Council of Texas generation fleet, 63 percent of which is between 21 and 40 years of age."

Schmidt added "One estimate puts total ERCOT generation shortfall at over 10,000 megawatts in the year 2005 at a 15 percent reserve margin. This project will help reverse that trend."

Construction of the Brazos Valley plant is scheduled to begin early next year with commercial operation expected in January 2003.

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