EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Duke Energy Renewables Announces Commercial Operations Achieved for 150-MW Solar Project

LCG, June 20, 2019--Duke Energy Renewables, a subsidiary of Duke Energy, yesterday announced that its 150-MW North Rosamond solar project in Kern County, California, has commenced commercial operation. The power produced from the project is being sold to Southern California Edison (SCE) under a 15-year agreement.

Read more

ERCOT 2019 Summer Quarter Outlook

LCG, May 29, 2019-- LCG released a new summer (June – September 2019) report that looks at how the ERCOT grid copes with strained network conditions. Resource adequacy analysis for the region is especially important during extreme summer loading conditions. This summer the network is under particular scrutiny as the reserves have tightened because of recent retirements.

Read more

Industry News

Judge Rejects PG&E Asset Transfer Proposal

LCG, Feb. 9, 2002--A plan by Pacific Gas and Electric Co. to transfer generating assets to its parent company, PG&E Corp., has been rejected by U.S. Bankruptcy Judge Dennis Montali.

The decision was issued Thursday evening. The regulated utility claims that the transfer of power plants, hydropower dams and transmission infrastructure to un-regulated status would allow them to earn higher, market rates. The proceeds, it has said, would be used to repay billions of dollars to creditors.

Montali found that, contrary to PG&E's arguments, bankruptcy law does allow California to prevent the transfer, and that federal law should not supersede state law. Many state laws would need to be overridden to enable the transfer.

Under PG&E's plan, PG&E Corp. would have paid $4.35 billion in cash and securities to the utility, and received assets worth $8.3 billion. A Justice Department representative who is taking part in the bankruptcy proceedings, Linda Stanley, said of the plan, "they seem to be transferring (out) more than the creditors are getting."

The judge set Feb. 27 as the date by which the utility will need to respond to another bankruptcy reorganization proposal, one put forth by the Public Utilities Commission. A spokeswoman for the PUC, Terrie Prosper, said "now there's not a viable plan on the table, so hopefully that leaves room for ours, which is better for consumers."

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service