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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

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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PJM Releases New Five-Year Strategy Plan

LCG, August 20, 2026--PJM released its new five-year strategy yesterday, entitled "Shaping a Powerful Change, Working to Perfect the Flow of Energy." The strategy specifies PJM’s mandate to be a mission-driven organization that serves the public interest as a FERC-authorized RTO. PJM's strategy plan outlines the need to meet the demands of accelerating load growth amid constrained capacity and a rapidly evolving industry. The plan states, "We are clear about our priorities: Reliability is our North Star.”

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Industry News

Judge Pushes Enron to Complete Reorganization Plan

LCG, Feb. 21, 2003--After Enron Corp.'s bankruptcy filing, it seemed possible that the company could be reorganized under a new name and again reflect its traditional, asset-based roots, but it now seems much more likely that its assets will be liquidated.

Judge Arthur Gonzalez yesterday granted Enron an extension until April 30 to come up with a plan for distributing the proceeds of asset sales, hinting that this third extension may be the last. Enron has turned some of its former power plants and long-term energy delivery contracts into $1.7 billion thus far, but may be able to raise a total of $12 billion to $15 billion after further sales.

The complexity of the company's structure, with intertwined interests and obligations held by dozens of business units, has made the task of sorting out creditors' claims practically impossible. In addition, Enron has been subject to numerous investigations by federal authorities. A report will be produced by an examiner appointed by the court that is to detail how investment banks and law firms interacted with Enron.

Completion of the bankruptcy proceedings may now take another 10 months, during which billing by law firms and accountants are consuming roughly $30 million monthly. It may therefore be in creditors' favor to agree to a deal, rather than prolong competition between claims.
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