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

Davis' Push Against Power Contracts Likely to Be Slow Going

LCG, Feb. 26, 2002--After the California Public Utilities Commission filed a formal complaint with the Federal Energy Regulatory Commission yesterday concerning long-term power contracts California entered last year, observers said the federal agency's response would be slow at best.

Gov. Davis had spoken with reporters about his optimism that FERC would overrule power suppliers, saying "they understand their job, which is to get in and fix marketplaces." The filing asserted that California is paying $14 billion to $21 billion more than it should because of temporarily high spot prices experienced during the height of the state's power crisis.

A possible indicator of FERC's receptivity to the filing is that it has not scheduled hearings concerning related filings made by two Nevada utilities in December.

Severin Borenstein of the University of California Energy Institute told the Sacramento Bee, "realistically, it's pretty unlikely that the state will win." Borenstein said that for generators, the idea that they might have to contest the complaint for two years could lead them to consider compromising with the state on the contracts.

The FERC rarely receives filings such as California's, but ultimately, Borenstein said, the generators would not "just hand money back to the state. That's why it's called a contract." The 32 contracts cited in the filing total $43 billion over roughly the next ten years.
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