Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

Read more

NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

Read more

Industry News

Maker of ISO Software Alerted Companies to "Holes"

LCG, June 6, 2002--A panel chaired by California state Sen. Joe Dunn, D-Santa Ana, heard testimony yesterday that indicated that California market software provider Perot Systems Corp. advised at least one energy company on how best to participate in the state's wholesale energy market.

A presentation made by Texas-based Perot Systems to Reliant Energy Inc., the Houston power generator, and which described particular trading techniques, was submitted as part of Reliant's response to a request for documents by the Senate Select Committee to Investigate Price Manipulation of the Wholesale Energy Market. Perot Systems, which made the software system used by the defunct California Power Exchange and California Independent System Operator, said that the "gaps" it described in the presentation were fixed by the time the system had started running. Perot Systems' founder and chief executive, H. Ross Perot, offered to provide "full access" to relevant information and testify in person before the committee.

In a statement, Perot Systems said that it "provided services to the CalPX, but provided no energy trading services to any California market participant. In fact, Perot Systems actively alerted CalPX and California ISO to defects in the market rules, which had already been adopted by the state of California." Robert McCullough, an energy consultant who testified, said the behavior suggested in the presentation resembles the strategies "Death Star" and "Fat Boy" discussed in Enron memos.

One of the strategies would, the presentation said, allow "a relatively small PX participant" to "purposely congest a small interzonal path," which could lead to higher prices. Dunn said that strategies on "Winning in California Markets" contained in the presentation, if they "turn out to be as bad as (they) potentially could be, this to me is corporate behavior at its despicable worst." The software maker said "it did not reveal or sell any confidential information of any kind." The committee will ask for more documents and plans to interview company representatives.
Copyright © 2021 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and Optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service