Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

Read more

NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

Read more

Industry News

Valero Board Approves Bay Area Refinery Cogenerator

LCG, March 20, 2001Valero Energy Corp., a petroleum company that recently purchased a San Francisco Bay Area refinery and gasoline stations from Exxon Corp., said yesterday its board has approved investment of $57 million in a cogeneration power plant for its refinery in Benicia, in the East Bay near the mouth of the Sacramento River.

The 51 megawatt facility, which would make the refinery self-sufficient during ordinary times, could be completed by April of next year, if the permitting process runs smoothly never a sure thing in California.

Valero said the decision, made before yesterday's rolling blackouts in California, was in response to the state's power shortage.

Rich Marcogliese, a Valero vice president and plant manager at Benicia, said "It is critical that we keep our refinery running because any power interruption could mean significant downtime, which could ultimately lead to gasoline supply shortages and price spikes. What's more, this project will allow us to retire some older, less efficient boilers, which will lower our air emissions."

Valero said the production of the cogeneration unit will be equal to or greater than the average power demand of the refinery. Additional power will be purchased as required to meet peak demand or, sold as available during low-demand periods.

The cogenerator will be fueled with light gases produced as refinery by-products, the company said, and steam produced by the unit will allow the refinery to retire older, less efficient steam generating equipment.

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