EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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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Industry News

Davis Heads for Washington Power Confab

LCG, Jan. 9, 2001California Gov. Gray Davis was in Washington today for an evening conference with President Clinton and senior administration officials, aimed at coming to grips with the deepening electric power crisis in the Golden State.

Davis will meet with the president, Gene Sperling, who is director of the National Economic Council, Energy Secretary Bill Richardson and Treasury Secretary Lawrence Summers. Together, they hope to reach a solution to the crisis threatening electric service in California and has pushed the state's two largest utilities to the brink of bankruptcy.

Officials from the two companies Pacific Gas & Electric Co. and Southern California Edison Co. were also expected to participate in the conference, along with James Hoecker, chairman of the Federal Energy Regulatory Commission.

Yesterday in Wyoming, Richardson said "Tomorrow, everybody needs to give a little -- the California utilities, the state government." The two utilities contend they have nothing more to give. They have subsidized their customers to the tune of $12 billion and have almost no cash left to buy more power.

Any massive dislocation in the California energy sector would have national implications. By itself, the state is the world's sixth-largest economy, ranking just behind Great Britain and ahead of Italy. Last week the White House acknowledged that a ripple effect could hit the nation's big banks and other groups.

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