Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

Read more

NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

Read more

Industry News

California Utilities Cite Uncertainty

LCG, Apr. 18, 2003--Pacific Gas & Electric and Southern California Edison, two of California's major investor-owned utilities, filed 20-year plans with the California Public Utilities Commission this week that underlined crucial questions about their future mode of operations.

PG&E may be able to emerge from bankruptcy in 2004, but was not ready to enter into long-term agreements due to the hazy status of direct access, a program that allowed power suppliers to sign contracts with large customers. New customers have not been allowed to take part in direct access since September 2001, and there is still controversy over how much direct access participants should pay for utility-related costs. Without knowing if direct access could be renewed, the utilities have found it difficult to estimate their future customer bases.

SoCalEdison's management would like to be able to make long-term agreements concerning generation and transmission, but still is waiting for indications of whether or not dedicated plants under its control can be built, regardless of who owns them. It has no plans to build plants at the present time, however. A bill has been introduced in the California state Senate that would give support to plants being built by the utilities, with guaranteed cost recovery. While Southern California Edison has expressed some willingness to construct new generation, PG&E is opposed to becoming involved again in the business of building plants.

Both utilities plan to spend more on energy efficiency programs, $100 million and $300 million for SoCalEdison and PG&E respectively. The California Public Utilities Commission will conduct hearings to review the 20-year plans in July, and should return a decision in November, according to SoCalEdison's vice president of strategy and development, Pedro Pizarro.
Copyright © 2021 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and 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