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News
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By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.
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LCG, June 29, 2026--Constellation announced on June 26 that it has filed license renewal applications with the Nuclear Regulatory Commission (NRC) to extend for 20 years the operations of Ginna Clean Energy Center and Nine Mile Point Unit 1 reactors in upstate New York to 2049. Constellation stated that it's decision to invest in these plants to extend their safe and reliable operations into mid-century demonstrates that New York State's renewal of its Zero Emissions Credit (ZEC) program is working as intended. Furthermore, Constellation stated that maintaining its nuclear fleet is estimated to save New Yorkers $50 billion and sustain reliable emissions-free generation resources to serve increasing electricity demands.
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Industry News
Dynegy Settles Case Charging Manipulation of Gas Market
LCG, December, 2002--A $5 million settlement was reached in a case brought by the Commodity Futures Trading Commission (CFTC) against Dynegy Inc. and a joint venture it co-owned with NRG Energy Inc., over what the federal agency said were fabricated natural gas trades.The fictional trades cited by the CFTC were allegedly submitted to a company or companies compiling natural gas price indexes in order to drive prices up. If the apparent attempt to manipulate the indexes had been successful, it could have led to higher power prices. The trades as reported indicated that West Coast Power, the joint venture, was a counter party. West Coast Power owns three power plants divested by San Diego Gas & Electric Co. and Southern California Edison Co. Gas was supplied to the plants by Dynegy, which also marketed their output. NRG was responsible for their operation.A spokesman for the CFTC said that the agency's investigation would likely lead to further information that could affect other cases. According to a spokeswoman for NRG, Meredith Moore, Dynegy was making the $5 million payment, and did not communicate with NRG about the fact that a settlement was being approached. The settlement does not include any admission or denial of wrongdoing.The General Accounting Office, Congress' investigative and research arm, released a report yesterday that concluded that the ability of three federal agencies, including the Federal Energy Regulatory Commission (FERC), the CFTC, and the Energy Information Administration, a unit of the Department of Energy, were not equipped to oversee competitive, open natural gas markets.The report's authors found that the FERC's legal authority has not been updated in recognition of the deregulation of natural gas markets, and that it "lacks assurances that wholesale natural gas prices are just and reasonable," the report said. The CFTC found that while CFTC is able to investigate trading practices, it lacks oversight of energy derivatives sold over-the-counter. The report noted some initiatives that have been undertaken by the FERC and EIA respectively to bolster their market oversight resources and to determine what information could be made available to encourage an open market.
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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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