AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

Read more

Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

Read more

Industry News

FERC Will Question El Paso Electric About Enron

LCG, October 29, 2002-The Federal Energy Regulatory Commission intends to further examine transactions between Enron and Texas utility El Paso Electric.

El Paso Electric, not to be confused with the unrelated gas company El Paso Corp., was intimately involved with electricity sent into California during the energy crisis of 2000/2001. Enron marketing associates were reportedly involved with trading electricity on behalf of the utility.

Pedro Serrano, former El Paso Electric vice president, and Kathy Peterson, a current employee in the utility's power marketing segment, will be questioned on November 6. The depositions, to be held at FERC's Washington headquarters, are intended to uncover whether or not the utility participated in any of Enron's convoluted trading schemes in order to manipulate Western electricity markets.

Earlier this year FERC began investigations of El Paso Electric when the utility was found to have "excessive joint dealings" with now bankrupt energy company Enron in 2000 and 2001. El Paso Electric made significant revenue from such dealings, taking in $7.3 million during the month of June in 2000.

El Paso Electric serves roughly 309,000 customers in Western Texas and Southern New Mexico.

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service