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News
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LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.
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LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.
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Industry News
California ISO Plans to Protect California Wholesale Customers
LCG, April 10, 2002--California Independent System Operator (ISO) has asked the Federal Energy Regulatory Commission (FERC) to maintain control over wholesale electricity prices, which are to emerge unfettered on September 30 this year.The ISO, responsible for reliable transmission of electricity statewide, wants to protect California from unreasonably high wholesale prices. ISO Board Chairman Michael Kahn stated, "FERC should have imposed these measures far earlier than it actually did. Instead California was left exposed to crippling wholesale price spikes."If FERC allows market constraints to expire, the ISO will use another plan, October 1 Elements, which are included in its Market Design 2002 (MD02). The October 1 Elements call for a bid screen, eliminating unreasonably high bids, and continue FERC's current "must offer" rule. Part of the long-term MD02 plan, the October 1 Elements will be given to the ISO board on April 25th and then filed with the FERC on May 1st, although the ISO would prefer to keep Federal price controls instead.The ISO's MD02 plan has been developed after two separate four-day meetings and involved input from market players, state agencies, and hundreds of hours of work.California's ISO, a not-for-profit corporation, took over control of most of the transmission of electricity in 1998 as part California's plan for opening energy markets.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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