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News
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
Read more
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Industry News
SoCal Ed Rescue Clears California Assembly Panel
LCG, Aug. 30, 2001--A $2.9 billion rescue plan to save Southern California Edison Co. from bankruptcy cleared one of two hurdles in the California Assembly yesterday following amendments aimed at making the deal more palatable to the utility.The measure, as proposed to Assembly Democrats by Gov. Gray Davis, was originally a pretty close carbon copy of legislation passed in July by the state Senate, which SoCal Ed said it would not be able to accept.To sweeten the deal, the Assembly Committee on Energy Costs and Availability doubled the amount the utility could receive for its transmission assets from $1.2 billion to $2.4 billion, still short of the $2.76 billion agreed to between the governor and the company in April.The panel did not change the provision of the state Senate bill that converts the transmission feature from an outright purchase to a five-year option to purchase. SoCal Ed had complained that the option did little more than place a cloud on a valuable asset.Also missing from the Assembly version was a requirement that SoCal Ed provide the state with title or easements to more than 21,000 acres of sensitive Sierra watershed lands, much of it in Fresno County. That portion of the legislation had sparked opposition from county residents who feared state control would restrict future uses of the properties.The bill is not yet ready to go to the Assembly floor for a vote. It now moves to the Assembly Appropriations Committee for further massaging.How much of that massaging it can stand is another question. State Senate President Pro Tem John Burton, a San Francisco Democrat, had warned the Assembly against making significant changes, and the Assembly thinks its changes were significant."I don't know how much more artful we could have been given the time constraints," said the Energy Committee chairman, Los Angeles Democrat Rod Wright.The bill gets its $2.9 billion price tag from the size of a bond issue SoCal Ed would be allowed to market, not from any state money involved. The utility would sell revenue bonds, a form of tax-exempt obligation, backed by its 180,000 largest customers through higher rates, while its million of residential customers -- who are also voters -- would get off without a rate hike.SoCal Ed would also be locked into selling power to the state at low prices for 10 years, another long-term "solution" for California's short-term energy crisis.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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