EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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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.

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Industry News

California Bond Sale Going Before PUC

LCG, Feb. 21, 2002--The California Public Utilities Commission will vote today on a bond measure worth $10.85 billion, to repay the state for power purchases made in the past year.

Last year, the bond sale was set by Gov. Davis at $13.4 billion, and then $12.5 billion, and in October was rejected by the PUC on the grounds that the price paid for power through long-term contracts had not been justified. In October, Gov. Davis' administration said that estimates of power costs paid by the state were 20% lower than what had been foreseen two months earlier.

California faces a projected budget deficit of $14 billion, with an additional $6.1 billion shortfall possible due to past power purchases made using the state's general fund. If the bonds are sold by June 30, the close of the states fiscal year, the purchases will not be added to the deficit.

In additional to the $6.1 billion, California also obtained a $4.1 billion loan for power purchases, which will incur $413 million in interest charges by the end of June. Criticism of the terms of the bond measure have focused on the fact that the PUC will not have the authority to approve the Department of Water Resources' power-related costs as stated by that agency.

Loretta Lynch, PUC's president, said "the law says the PUC shall cover DWR's cost, whatever they are. The reasonableness of their costs resides with them, not us."
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