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News
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By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.
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LCG, September 9, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) yesterday announced the financial close of a loan of up to $1.9 billion to NextEra Energy to support the finance of the restart of Iowa's only nuclear power plant, the Duane Arnold Energy Center. EDF has now financed three, carbon-free nuclear plant restarts and completed four concurrent conditional commitments and financial closings under the current Administration. This latest investment, along with the others, advance the Administration's energy dominance agenda and Executive Order, Reinvigorating the Nuclear Industrial Base.
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Industry News
Northwest Natural Gas to Buy Portland General Electric
LCG, Oct. 8, 2001--Northwest Natural Gas Co. said this morning it has agreed to buy Portland General Electric Co. from Enron Corp. for $1.8 billion, in a deal that combines Oregon's largest natural gas utility with the state's largest electric utility.Under terms of the agreement, Northwest Natural will pay $1.55 billion in cash, $200 million in preferred stock and $50 million in common stock and assume Enron's roughly $1.1 billion in Portland General debt and preferred stock and $75 million balance on its customer benefits obligation."The acquisition makes sense for our customers, our shareholders, our employees and for Oregon," said Richard G. Reiten, chairman and chief executive of Northwest Natural. "It will help ensure that assets critical to Oregon's economy and environment will be locally-owned. We expect to be able to hold down electric and gas prices over the long run and to deliver more convenient and more comprehensive customer service."With overlapping service territories and shared customers, the combined companies will be able to capture significant operating efficiencies in their energy delivery systems, especially in administrative areas, that neither company could accomplish on its own, Reiten said.Reiten himself might be called a synergy, having been a member of the board as well as president and chief operating officer of PGE from 1989 to 1996.In addition, the Northwest Natural and PGE have a successful track record of working together to find savings through operational efficiencies. The companies have a joint meter reading program in place already and conduct common trenching for new construction projects."This sale is consistent with our overall objective of selling assets that are not strategic to our wholesale and retail energy business," said Kenneth L. Lay, Enron chairman and chief executive. "Portland General is a solid performer and has been a great addition to the Enron portfolio since 1997. "However, over the past few years our need for ownership of a regional utility has been diminished by the rapid extension of our third party supply network. As a regional utility, Northwest Natural is a perfect partner for Portland General going forward."In a statement, Enron said its $50 million common equity stake in Northwest Natural will entitle it to voting rights limited to 4.9 percent of Northwest Natural's total shares of outstanding common stock. Enron also said it will receive "appropriate" representation on Northwest Natural's board and would hold its Northwest Natural securities for a minimum of two and a half years.
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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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