EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Allegheny takes California to Court over Power Contracts

LCG, February 27, 2003-Yesterday, Allegheny Energy Inc. announced it was seeking as much as $10 billion from California.

Allegheny alleges that the California Department of Water Resources is unlawfully seeking to rewrite its power contract with the company and wants $6 billion to $8 billion for breach of contract and fraud.

A subsidiary of Allegheny has a $4.4 billion contract with CDWR; CDWR has tried to nullify or rewrite this contract, one among $43 billion in contracts it wrote during California's energy crisis of 2000/2001.

Earlier this year the CDWR filed with Sacramento Superior Court against Allegheny, alleging the company had breached contract by transferring the contract to a new subsidiary and noting the company's financial deterioration.

Meanwhile Allegheny has made new deals with lenders and has asserted California has falsely discredited its name and scared off investors.

Allegheny filed suit with the California Board of Control on Friday.

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service