EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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

Industry News

Enron May Drop Selling Price to $5 Billion

LCG, Nov. 27, 2001--With the investment community casting growing doubt on the future of Dynegy Inc.'s agreement to purchase much larger Enron Corp. for $8.3 billion, Enron may try to keep the deal alive by cutting its price to about $5 billion, the Wall Street Journal reported today.

Under the stock swap agreement reached two weeks ago between Dynegy and Enron, each share of Dynegy would fetch 3.72 shares of Enron. Dynegy closed yesterday on the new York Stock Exchange at $29.25, which would place a value of $7.86 on each Enron share.

However, Enron closed at $4.01, after trading at all time lows during the day.

The Wall Street Journal said renegotiation of the two-week-old deal, and particularly the exchange ratio for the stock swap, is almost unprecedented in corporate transactions.

Clearly something had to give because of an escape clause in the agreement that give Dynegy the option to walk away from the deal if there is a material deterioration in Enron's business or assets. Recent news has painted Enron as a house of cards, burdened by $13 billion in debt and with relatively few hard assets.

Enron also is attempting to head off a liquidity crisis by negotiating to extend the maturity dates of some of its borrowings, the paper said.

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service