California PUC Targets Doubling Renewable Energy by 2030

LCG, March 27, 2020--The California Public Utilities Commission (CPUC) yesterday unanimously approved a new emissions target for its electric sector that would double California's clean energy capacity through 2030 and effectively block new natural gas-fired electric generating facilities.

Read more

Tennessee Valley Authority Issues RFP for 200 MW of Renewables

LCG, March 19, 2020--The Tennessee Valley Authority (TVA) issued a request for proposals (RFP) on March 13 to develop up to 200 MW of stand-alone renewable energy resources or renewable energy resources configured with battery energy storage systems (BESS). Solar resources must be tracking, and the projects must be commercially operational and providing power by September 29, 2023 or earlier.

Read more

Industry News

FERC Agrees: California Not Owed $8.9 Billion

LCG, July 26, 2001The Federal Energy Regulatory Commission yesterday agreed with its top administrative law judge that California is not owed the $8.9 billion its governor, Gray Davis, is demanding from power producers he calls "the biggest snakes on the planet earth."

At the same time, FERC said it would hold a hearing to determine what, if anything, the state is owed. The agency could order California power purchasers its investor-owned utilities as well as state agencies to pay their unpaid power bills.

The hearing will aim at clearing up the refund issue once and for all. "This industry needs, deserves and must have certainty. The people of California need, deserve and must have certainty," said Chairman Curtis Hebert.

In two weeks of negotiations conducted by Judge Curtis Wagner in late June and early July, California did not budge a cent from its demand for $8.9 billion, though generators conceded that about a tenth of that could be refunded if they were paid in the first place.

FERC voted yesterday to accept Wagner's conclusions that the state might be owed as much as $1 billion and was probably not entitled to cash payments because that sum could be offset by the amount owed the power producers.

Davis clung to his demand for $8.9 billion as if his political future depended on it and it may.

"As for the energy profiteers and pirates, let me make clear that I will not rest until every dollargouged from California businesses and residents return to California. If the FERC does not makeCalifornia whole, we will see you in court," the governor said in a statement.

Another FERC administrative law judge, Bruce L. Birchman, will preside over the quasi-legal hearing, which will focus on wholesale sport market power transactions that occurred between Oct. 2, 2000 and June 20 of this year.

The California Independent System Operator, which created the study upon which Davis bases his claim for $8.9 billion, will have 15 days to submit evidence to back up its figures. Birchman will then have 45 days to submit a report for FERC's five commissioners who will then vote on his recommendations.

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