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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.

Read more

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.

Read more

Industry News

California Capsule: Sacramento Wasn't Paying Attention

LCG, Feb. 28, 2001Browsing through EnergyOnline Daily News files a form of journalistic narcissism we found a now-expired solution to at least part of California's electrical dilemma.

In a news story datelined Aug. 1, 2000 seven months ago we reported that Duke Energy North America said it had told Gov. Gray Davis how to solve the state's power problems, which were then about three months old and soon would get a lot worse.

Noting that there was a shortage of power plants in the state, the Duke unit suggested Davis speed up the permitting process to facilitate the rapid construction of new generation. If he did, Duke said at the time, it would build 500 megawatts worth of portable power plants on top of expanding the capacity of the power plants it purchased from Pacific Gas & Electric Co.

But the big part of Duke's recommendation was its offer to provide up to 2,000 megawatts of electricity to the state's three utilities at $50 per megawatt-hour for a five-year period beginning Sept. 1, 2000. Had the governor used his clout to make such a deal possible, it is probable that other independent power producers would have made similar offers..

Yesterday, Duke spokesman Tom Williams said the company never heard back from the governor.

But that doesn't mean Davis has been silent. That, and other news:

  • Speaking to a luncheon of the California State Society in Washington yesterday, Davis said he ought to have all his "legislative fixes" accomplished by the end of the month. On the state's takeover of transmission assets from its three investor-owned utilities, the governor noted that Southern California Edison Co. was already in agreement, but said "PG&E is taking a little longer." He added, "two, three, four weeks at the outside and we'll have PG&E worked out."

  • The transmission takeover would require approval by the Federal Energy Regulatory Commission, so Davis had some advice for President Bush on how to fill two vacancies on the panel. "It is my hope," he said, "that whoever the president chooses is a practical businessman or woman who lives in the real world." Davis' own appointees to California regulatory bodies do not reflect that approach.

  • With or without friendly commissioners, Davis is likely to have trouble with FERC. Curt Hebert Jr., FERC's chairman, has said a state takeover of transmission facilities would be tantamount to "nationalization" and might not be in the public interest.

  • Davis met yesterday with Energy Secretary Spencer Abraham in an effort to get support for the transmission takeover. Though a spokeswoman said the meeting was "very productive," it failed to produce support for Davis' plan.

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