EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Proposed Amendment Could Lead To EPCOR's Sale

LCG, May 29, 2002--EPCOR, the utility owned by the City of Edmonton, could be sold based upon a deadline set by Alberta's minister of municipal affairs, if a proposed amendment to regulations is approved.

The current minister, Guy Boutilier, who suggested the rule, said he felt "the cities have grown up and they're making responsible decisions and they're accountable to their taxpayers." He said the mandate of municipally owned corporations to serve "a municipal purpose" would be reviewed. EPCOR, which will pay $100.5 million (65.5 million US dollars) in dividends to the city this year, serves 1.3 million customers in neighboring Ontario and owns Union Energy, which is based in that province.

Edmonton Mayor Bill Smith said the province is trying to escape blame for a lack of new power generation within the province by forcing the sale of EPCOR by the city. "But if they see somebody come in and buy ENMAX and EPCOR, then they can say that's new investment," Smith said. (ENMAX provides electricity in Calgary.) The rule would allow a minister to "set a time period in which a municipality or group of municipalities must divest, amalgamate, merge, reorganize or windup a controlled corporation."

Boutilier, who did not declare the reason for the proposed amendment, said, "The bottom line is the province will not and shall not have the control of sales of EPCOR and Enmax," saying that the mayor and council would be entirely responsible for deciding on a buyer. Mayor Smith, who called it the most "serious" issue he has dealt with in seven years, worries that property taxes will need to rise more than expected if dividends from EPCOR are lost as a source of revenue.
Copyright © 2024 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
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service