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

Ohio Orders Utility to Take Over for Failed Firm

LCG, March 30, 2001The Public Utilities Commission of Ohio yesterday directed Columbia Gas of Ohio Inc. to take over operations of a small, failed natural gas distribution company until a new owner is found for the bankrupt firm or its customers switch to propane or find another source of energy.

On February 13, West Milgrove Gas Co., which serves 120 customers, filed a Chapter 7 bankruptcy petition in a U.S. District Bankruptcy Court. The court promptly issued an order authorizing the bankruptcy to operate the company for 45 days only. Time's up today.

In yesterday's order, Ohio regulators said it "appears to us that without some further emergency action, West Milgrove's customers may cease to receive gas service on March 30, 2001." Having reached that conclusion, PUCO decided to "require a qualified entity to temporarily operate West Milgrove."

Columbia Gas of Ohio is really qualified. It not only currently provides natural gas service in the same county, it has personnel and expertise located in the area of West Milgrove.

"This is an extraordinary measure due to the uniqueness of a regulated utility facing closure due tobankruptcy," said PUCO Chairman Alan Schriber. "Although customers may ultimately need to findan alternative fuel source, the PUCO staff will continue to explore all options to prevent serviceinterruptions."

It's more or less fitting that Columbia Gas of Ohio has to take up the slack. When West Milgrove Gas got behind in its bills to sister company Columbia Gas Transmission Co., Columbia began action to shut off its supply to West Milgrove Gas.

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