EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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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Industry News

California PUC Critical of Power Buying Agency Request

LCG, Dec. 19, 2002--The president of the California Public Utilities Commission (CPUC), Loretta Lynch, said this week that a request by the California Department of Water Resources (CDWR) for funds from the state's major utilities could include one billion dollars of "wholly unnecessary" charges.

The CPUC, which has no authority to adjust the requested $4.5 billion based on its assessment, found that PG&E should pay the CDWR nearly $2 billion, Southern California Edison around $1.9 billion, and San Diego Gas & Electric slightly above $640 million in 2003. The transfers are to repay the state for long-term purchase agreements made on behalf of the utilities when power sellers considered the utilities to lack creditworthiness.

Lynch said she hoped the size of the request would be trimmed, based on the planned end to the state's power purchases at the start of next year, which will put the utilities back in the business of purchasing it themselves. In response, Oscar Hidalgo, a spokesman for the CDWR, noted that uncertainty lingers about whether the transition will happen smoothly, and that the request allows for reserves. "There's nothing we'd like to do more than to lower our revenue requirement if the opportunity presents itself. We're not a profit-maker. We're trying to exit this business," Hidalgo said.

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