New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

Read more

Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

Read more

Industry News

PG&E Asks California High Court to OverturnCPUC Decision on Funding for Water Agency

LCG, Sept. 11, 2001--Pacific Gas & Electric Co. has asked the California Supreme Court to overturn the California Public Utilities Commission's March 27, 2001 decision requiring the utility to pay the Department of Water Resources 9.471 cents per kWh on an interim basis prior to the implementation of DWR's revenue requirement.

PG&E had asked the CPUC for a rehearing of its decision on April 30 and the regulators denied the request on August 8.

In its Court filing the company argued, "In order to ensure that the recovery of DWR's power costs is fair and equitable to both electricity consumers and the state's electric utilities, (the law) establishes two mechanisms, and two mechanisms only, for DWR to obtain funds from consumers and the utilities to pay for its power purchases."

The first of the two must take into account the portion of the utilities' existing rates needed to cover their own costs of service, PG&E said, and the second is the DWR's "revenue requirement," which must be submitted to the CPUC and which is recoverable in customers' bills only if it has been determined to be 'just and reasonable' under the Public Utilities Code.

The company thinks being required to pay $94.71 per megawatt-hour when the market currently prices power closer to $35 per megawatt-hour is neither just nor reasonable.

In its filing, PG&E said "The CPUC has exceeded the scope of its authority, failed to proceed in the manner prescribed by (the law), and abused its discretion, and therefore this Court should grant review of and annul the DWR Decisions."

Copyright © 2019 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...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service