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News
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LCG, February 20, 2026--The EIA today issued an "in-brief analysis" that estimates U.S. power plant developers and operators plan to complete a record installation of 86 GW of new, utility-scale electric generating capacity that is connected to the U.S. power grid in 2026. Last year, 53 GW of new capacity was added to the grid, which was the largest capacity installation in a single year since 2002. Thus the estimate of 86 GW of new capacity in 2026 is a whopping 33 GW greater than the year prior. It should be noted that over 20 GW of the 86 GW of new capacity this year is estimated to be completed in December.
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LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.
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Industry News
Shell Valuation of Power Agreements Too Optimistic, Former Manager Says
LCG, July 18, 2002--A former manager at the energy trading unit of Royal Dutch Shell ("Shell") in Houston who was dismissed in August 2001 told the Financial Times and Reuters that the company's valuation of options it held on power purchases relied on overly optimistic assessments of future power prices.Shell's agreements with independent power producers require it to make capacity payments of $7.4 billion over 20 years. The power producers run plants using natural gas from Shell, which may exercise options to sell power from the plants should power prices rise. The agreements were sealed three years ago, when power prices in the U.S. were about 50% higher than they are currently. The manager, George Namur, claimed that "We knew what our capacity payments would be and then had to use highly optimistic power price forecasts and other creative items to exceed the 15 per cent return rate." The forecasts used in valuation of such options are potentially wide-ranging.A statement by Shell indicated that "rigorous due diligence and evaluation processes" were undertaken prior to the company's completing the deals, which are not uncommon in the energy industry. Shell stated that 2001 accounting recognized profits from the deals as the agreements progressed. Most payments for the "tolling" agreements will be due in 2007.
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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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