EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

Big Hidrocantábrico Shareholders Back RWE Bid

LCG, March 1, 2001RWE AG of Germany, which is bidding against Electricidade de Portugal to acquire Spain's Hidroelctrica del Cantbrico, said yesterday it had won the backing of two Spanish families which between them own 5 percent of Hidrocantbrico and from a private equity fund that is in the process of acquiring 10 percent of Spain's fourth largest power generator.

RWE said it expected to get support from private investors owning another 10 percent of the Spanish utility, which would give it a healthy 25 percent backing and a good chance of upsetting Electricidade de Portugal, which most observers consider the frontrunner.

Hidrocantbrico has been the target of takeover bids for the past two years, but Dietmar Kuhnt, RWE's chairman, thinks his company will be the one to make it happen. "We are aiming for leadership in both voting rights and capital - it cannot be our aim to create an ownership situation that would lead to a stalemate with EdP," Kuhnt said.

Hidrocantbrico's voting rules limit shareholders, regardless of the size of their holdings, to a 10 percent vote. Thus it is far better to have four supporters with 10 percent each than two with 20 percent each. By the same token, it does not make sense for a suitor to acquire more than 10 percent on its own.

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service