Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

Read more

Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

Read more

Industry News

Six Southwest Utilities Form RTO

LCG, Oct. 5, 2001--Six utilities in the U.S. Southwest, under the leadership of Arizona Public Service Co., said yesterday that they have agreed to form a profit-making regional transmission organization to be known as West Connect.

West Connect will replace Desert Star, a non-profit RTO developed by the utilities over the past four years and will incorporate may of its policies and procedures. "The group has decided that a for-profit governance structure is in the best interest of the utilities," APS President Jack Davis said in a statement. West Connect hopes to be open for business by late 2003.

In addition to APS, the firms forming West Connect include the Salt River Project, El Paso Electric Co., Public Service Co. of New Mexico, Tucson Electric Power Co. and Texas-New Mexico Power Co.

The companies will ask within a week or so for the Federal Energy Regulatory Commission to bless their proposal. "We will file with FERC by mid-month," APS spokesman Alan Lee Bunnell said.

Pending FERC approval, West Connect will take the place of Desert Star, and the new, for-profit RTO hopes to eventually bring in the "couple of dozen" members of its predecessor and add new members from the West and Pacific Northwest.

"We have received positive feedback from all of the organizations of Desert Star," Bunnell said. The membership of Desert Star includes regional electrical cooperatives and municipal electric utility companies.

As to branching out into the West and Pacific northwest, Bunnell said "Our ultimate goal is to bring to life FERC's goal of having four RTOs in the continental United States."

Copyright © 2023 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...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service