EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

Read more

Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

Read more

Industry News

Judge Lets PG&E Pay Some Creditors

LCG, April 1, 2002-Northern California's bankrupt utility Pacific Gas & Electric was allowed to pay some of its creditors, according to Wednesday's ruling by U.S. Bankruptcy Judge Dennis Montali.

PG&E can now pay back $790 million it owes to eighteen fund managers.

While Judge Montali opposed the repayment at first, he approved the plan because creditors would be allowed to choose by which method PG&E would emerge from bankruptcy.

Meanwhile, creditors have yet to receive ballots on what will be done about the rest of PG&E's reported $12.5 billion debt. Both PG&E and the California Public Utilities Commission have come up with plans to remedy the bankruptcy, and Judge Montali ruled that creditors shall vote later this year on which of the two is best.

Some, such as U.S. Bankruptcy trustee Linda Stanley, think that allowing PG&E to pay down some debt now will sway creditors to vote for the utility's plan rather than the Commission's.

Copyright © 2023 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
PowerMax
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and 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