PacifiCorp Issues RFP for Over 4,300 MW of Generation Resources

LCG, July 9, 2020--PacifiCorp Monday issued the largest request for proposals (RFPs) for energy projects in company history, seeking more than 4,300 MW in solar, wind and battery storage resources that can connect to its 10-state transmission system and achieve commercial operation by December 31, 2024.

Read more

Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

Read more

Industry News

Federal Court May Decide California Electric Rates

LCG, Feb. 12, 2001Even as California Gov. Gray Davis and the state legislature wrestle with what they regard as a "bailout" for the state's nearly bankrupt electric utilities, a federal judge in Los Angeles could decided how much consumers have to pay for power they have already used.

Since whole sale power prices began exceeding in May of last year what the utilities could charge their retail customers, the two largest California utilities, Pacific Gas & Electric Co. and Southern California Edison Co., have gone into a financial hole exceeding $12 billion bailing out ratepayers.

SoCal Edison sued the California Public Utilities Commission in the U.S. District Court for Los Angeles last November after the regulators had repeatedly refused to lift a the rate freeze that prevented the company from charging the true cost of power. A similar suit by PG&E was recently transferred to the L.S. court and the two are expected to be consolidated.

The SoCal Edison case is on the court's docket for today, and it is difficult not to recall the words of William Massey, a member of the Federal Energy Regulatory Commission, who on December 15 said "Some day soon a federal court, when asked, will declare that utilities are entitled to recover these high wholesale costs from their customers."

But in Sacramento, the governor and lawmaker are still trying to find a way out for the utilities that won't burden, and hence upset, consumers who are also taxpayers and voters.

The utilities have agreed to take part in state Senate hearings this week. "We have reached agreement with the utilities on a timetable to resolve this issue," Davis said. "They've agreed to participate in hearings dealing with their finances."

Pending the outcome of the hearings, state Attorney General Bill Lockyer has asked the Los Angeles court to delay any decision in the utilities' suit against the CPUC.

Copyright © 2020 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...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service