Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

Read more

EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

Read more

Industry News

Xcel Energy Reacquires NRG Spin-Off

LCG, Feb. 19, 2002--Xcel Energy has announced it wants to buy all outstanding shares of NRG Energy, which owns unregulated generating assets in the U.S. and other assets abroad.

NRG separated from Xcel in 2000, but has become highly leveraged and experienced significant risk of having its debt downgraded. Shares would be bought back at $11.50, 35 percent below their original pricing at issuance.

According to NRG, Xcel's announcement did not follow any negotiations between the two companies. Although Xcel has sought to strengthen NRG's position with transfers of capital and forced it to sell off overseas investments, NRG's stock price has fallen 50 percent in the past six months.

In communications with analysts, Xcel, which now owns 26 percent of NRG, asserted that its sudden announcement of a buyback at a discount was necessary to prevent a debt downgrade for the struggling unit. NRG's debt is currently investment grade. Credit Lyonnais Securities analyst Gordon Howald commented, "NRG's highly leveraged balance sheet proved unfixable in the near term."
Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue 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