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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
Enron, Portland General Cited in FERC Report
LCG, Nov. 25, 2002--Schedules for power generation and transmission submitted by Enron and Portland General Electric were intended to create the illusion of congestion on transmission lines and boost profits for the now bankrupt energy trader and its utility subsidiary, a Federal Energy Regulatory Commission report indicates.According to the FERC's preliminary findings, Portland General and Enron's transactions were hidden through the use of Avista Corp.'s Avista Utilities as an intermediary. FERC staff found 1,290 instances during April and June 2000 in which Portland General did not properly disclose the nature of its transactions on its website. Portland's traders and transmission schedulers seem "confused and uncertain" as they conducted their transactions, and referred to the nature of some trades as "bogus" and "bizarre," the reported stated.While power was supposed to be flowing along a north-south transmission path in the West, no power actually was transmitted. Enron was paid for relieving the phantom congestion. Portland General, according to its president and chief executive Peggy Fowler, found "we did not knowingly participate in trading strategies that were deceptive or misleading," based on its review of the documents it submitted to FERC.The report may affect California's attempt to obtain $8.9 billion worth of refunds for what it says were overcharges for power purchases. The FERC has allowed the state an additional 100 days during which to develop a case for such refunds.
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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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