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News
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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.
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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
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Industry News
California Rewrites Contracts with Williams Cos.
LCG, November 12, 2002-California officials and energy company Williams Cos. reached a settlement yesterday, yielding the state $417 million.In 2000 and 2001, Californian energy purchasers signed $43 billion in long-term energy contracts, estimated to be roughly twice the price necessary.California Attorney General Bill Lockyer brought lawsuits against several energy companies earlier this year, alleging contract prices were unfairly high.Williams Cos. agreed to pay California $417 million, which includes renegotiating its 10-year contract with the state by $180 million. The deal also includes yielding the state six turbines, worth $90 million, putting $150 million to energy efficiency, and giving $80 million to projects for solar energy in California schools. $147 million will go to state agencies over eight years. Reports on the allotment of funds are unclear as to how all these projects' costs add up to $417 million, but Lockyer has said that the net effect could be as large as $1.4 billion.As part of the settlement, Williams Cos. will also pay Oregon and Washington each $15 million over three years.While the $417 million is being touted as a major victory for the state, some Californians may wonder from where the remaining $21.6 billion in alleged overcharging will come.The settlement still faces court and regulatory approval.
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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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