How to Make the Grid Secure

LCG March 1, 2021--February’s winter weather has brought a new level of uncertainty to the Texas grid, on top of rapid renewables growth and hot summer weather. Not only did the blackouts solidify the need to plan for extreme weather in winter and summer, but they also brought Texas residents, the governor, and the legislature into a public conversation about demand-supply planning.

Read more

Long Ridge Energy Announces Plans to Allow Transition to 100 Percent Hydrogen

LCG, March 4, 2021--Ohio's Long Ridge Energy Generation is retrofitting its 485-MW combined-cycle power plant to use a blend of natural gas and carbon-free hydrogen, making it the nation's first large gas turbine plant to transition operations to hydrogen fuel.

Read more

Industry News

Former Enron Trader Arrested by FBI

LCG, June 4, 2003--A former manager of electricity trading at Enron Corp.'s Portland, Ore.-based Western trading desk was arrested while at work yesterday in Ohio, and charged with manipulating California's power market in 2000 and 2001.

The trader, John Forney, who managed Enron's real-time trading desk in June 1999, before moving to Houston in late 2000, was arrested at his office by agents with the Federal Bureau of Investigation, then released on bond following an appearance in the U.S. District Court of Columbus. According to an investigation led by the U.S. Attorney's office in San Francisco, one of the strategies used by Enron to realize gain while grid operators sought to make power available to Californians, known previously as Death Star, was called Forney's Perpetual Loop among Enron employees. The strategy involved scheduling of power transmission where no transmission actually took place. Enron was able to qualify for payments to relieve grid congestion with no adjustment necessary in the operations it claimed were planned.

Forney, 41, is the third former trader for Enron to have been charged in relation to the Western energy crisis. According to Assistant U.S. Attorney Matthew J. Jacobs, "John Forney was the architect of many of the fraudulent schemes." The trader, who was put on administrative leave by his current employer, American Electric Power Co., worked at Enron from 1993 to early 2002.
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