AEP Will Proceed with North Central Wind Projects Despite Texas Commission Denying Approval

LCG, July 8, 2020--American Electric Power (AEP) announced last Thursday that, following the PUC of Texas not approving AEP subsidiary Southwestern Electric Power Co.'s (SWEPCO) plan to add 309 MW of wind energy to serve Texas customers, AEP will proceed to acquire the entire planned 1,485 MW of North Central wind projects.

Read more

JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

Read more

Industry News

Market Manipulation Lawsuit Thrown Out

LCG, January 8, 2003--A U.S. District Court judge dismissed a lawsuit brought by Snohomish County Public Utility District against eight energy companies.

Judge Robert Whaley of the U.S. District Court of Southern California stated that the case brought forth by the Snohomish PUD should be handled by the Federal Energy Regulatory Commission because of the potential effects of a ruling in the case.

Snohomish PUD alleges that several companies intentionally worked together to manipulate the electricity market in order to inflate electricity prices. Those companies named in the suit are Reliant Resources, Inc., PG&E Energy Trading, Duke Energy Corp., Sempra, Mirant Corp., Powerex, Xcel Energy, Inc., and Williams Cos.

Judge Whaley decided that FERC should be responsible for the lawsuit because the issues involved are under the authority of FERC.

Snohomish PUD intends to appeal the decision with the Ninth Circuit. The utility district is also waiting on complaints that it filed with FERC.

Snohomish PUD is also participating in settlement talks with American Electric Power Company regarding an energy contract.

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...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service