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

PG&E Sues State over Seized Contracts

LCG, July 18, 2001Pacific Gas & Electric Co. yesterday sued the state of California seeking reimbursement for million of dollars worth of electric power contracts seized by Gov. Gray Davis on January 31.

Davis, citing his emergency powers, seized the contracts because he feared PG&E, which subsequently filed for protection under Chapter 11 of the bankruptcy laws in April, would liquidate them to raise money to help pay its debts.

The now-defunct California Power Exchange, through which all state power transactions were made, also wanted to seize the contracts because the utility owed it money.

The governor's office agrees that the state owes PG&E for the contracts, but no one knows how much those contracts are worth. When they were taken, the state estimated their value at $160 million, but the power exchange thought they were worth $347 million.

Because the contracts call for delivery of electricity to the utility at prices lower than the current market price and considerable more lower than the price at the time they were seized it is difficult for anyone to place a value on them. Davis wants a judge to determine their value.

Steve Maviglio, speaking for the governor, said "We seized the contracts to have reasonable priced power and expected that price to be set in a neutral forum."

In its suit, filed at Superior Court in San Francisco, PG&E said it "has received no compensation for the damage to its property."

PG&E spokesman Ron Low said the company believes "the state has benefited from the value of our contracts, and as a result we should be compensated."

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