EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Qcells and Nofar USA Sign Agreement to Develop Energy Storage Projects in Texas

LCG, March 26, 2025--Qcells USA Corp. (Qcells), a wholly owned subsidiary of Hanwha Qcells, and Nofar USA (Nofar), a wholly owned subsidiary of Nofar Energy, recently announced a signed agreement to cooperate on the development and construction of two energy storage projects in Texas. The projects have a combined capacity of 350 MW with a 2-hour duration (700 MWh).

Read more

SPP Receives FERC Approval to be First RTO Operating in Both Eastern and Western Interconnections

LCG, March 205, 2025--The Southwest Power Pool (SPP) today announced it will soon be the first regional transmission organization (RTO) in the nation to provide full services in both the Eastern and Western Interconnections of the U.S. power grid. On March 20, the Federal Energy Regulatory Commission (FERC) unanimously approved Southwest Power Pool’s amended tariff that includes provisions that enable Western members to join the RTO. The expansion of the SPP RTO is scheduled to go live April 1, 2026.

Read more

Industry News

Ex-Enron Employee Pleads Guilty to Fraud

LCG, August 21, 2002-Former Enron corporate executive Michael Kopper pled guilty to conspiracy to commit wire fraud and money laundering today.

Kopper's guilty plea was entered in Federal District Court in Houston, Texas, before Judge Ewing Werlein Jr. He has agreed to cooperate with federal investigators and also to pay back $12 million in illicitly acquired assets.

Kopper was involved with off-the-books partnerships, often helping Enron chief financial officer Andrew S. Fastow, with whom he had a close and financially complicated relationship. Fastow's dealing are a central focus of multiple investigations.

Chewco, an Enron partnership formed in 1997, was one of the Enron projects where financial statements deviated from the actual accounts. Three percent of the partnership's capital was to be from independent investors, and Kopper, along with others, worked to cover up the fact that the three percent had not been met. Enron bought out the partnership in 2001. Kopper and his domestic partner William Dodson reaped over $12 million from the sale, after an initial investment of $125,000.

Although Kopper is not the spotlight of the ongoing federal investigation of Enron, he is valued by investigators as a possible witness and has been released on a $5 million bond.

The Securities and Exchange Commission may file a civil fraud complaint against Kopper as well.

Kopper resigned from Enron in June of 2001. Enron filed for bankruptcy protection in December 2001.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation 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