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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
FERC's "Show Cause" Order Followed by Moves to Speed Resolution
LCG, Sept. 5, 2003--Staff of the Federal Energy Regulatory Commission have recommended that over one-third of the companies to which the agency issued "show cause" orders concerning possible manipulative market behavior in California should either settle, or that charges should be dismissed.The proposed settlements could represent $2 million of refunds to California. Gov. Gray Davis has claimed that the state was over-charged $9 billion. Under established FERC rules, should a company not be able to justify its market behavior, it would disgorge only as much profit as could be attributed to its own actions directly, but not profits due to higher prices resulting from the actions of others.Bryan Lee, a spokesman for FERC, stated that "Settlements are in the best interest of the public because they avoid the cost of litigation before the commission and, potentially, before the courts." In addition to the recommended settlements, 17 cases are being recommended for dismissal, with 43 remaining to be heard by a FERC administrative law judge.
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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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