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News
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LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.
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LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.
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Industry News
Enron Neglected to Pay Any Income Tax 1996-1999
LCG, February 13, 2003-A Congressional report released today regarding the country's most infamous energy company revealed rampant tax code abuse.Enron Corporation apparently paid no federal income taxes from 1996 through 1999 and only $325 million in federal income taxes between 1990 and 1995. The company also paid just $63 million in federal income tax from 2000 to 2001.According to a statement by Democrat Senator Max Baucus of Montana, "Enron not only engaged in accounting gimmicks to boost stock prices, but Enron repeatedly abused the tax code."Congress's tax law analysts, in the form of the Joint Committee on Taxation, released 2,700 pages regarding Enron's tax returns. The Internal Revenue Service has also examined Enron's tax returns from 1989 through 1995 but is still going through more recent returns.No statement has yet been released as to how much Enron actually owes in taxes since the IRS is still examining paperwork and the bankruptcy court responsible for Enron's case needs to review any IRS claims.
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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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PowerMax
Day-ahead and real-time portfolio revenue optimization
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Generator X
Generation and Transmission Planning and Optimization
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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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MarketWatch
Annual summary of prices, congestion and important events in ERCOT
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