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News
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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.
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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
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Industry News
Dynegy Ex-Executives Plead Guilty to Fraud Charges
LCG, August 7, 2003Former Dynegy executives Gene Foster and Helen Sharkey pled guilty to conspiracy to commit securities fraud. According to the prosecution, the two bought natural gas from the partnership ABG Gas Supply LLC at $300 million below market price, sold the gas at market price, and recorded the $300 million profit. Allegedly the executives promised ABGs banks a full repayment and therefore the arrangement should have been recorded as a debt instead of a profit. The indictment included a related and allegedly inappropriate $79 million tax benefit. Sharkey and Foster remain free on bond after entering guilty pleas and will return to court October 24 for sentencing. They have agreed to work with prosecutors. The two executives were fired in February, and Dynegy has since reevaluated and restated its financial situation. Foster served as vice president for tax matters for Dynegy, and Sharkey was accounting manager.
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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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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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