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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
Morgan Stanley and Reliant Resources Settle Market Allegations with FERC
LCG, September 2, 2003The Federal Energy Regulatory Commission came to settlements with Morgan Stanley over alleged violations of trading rules and with Reliant over allegedly manipulative trading behavior. Morgan Stanley has agreed to pay $857,089 in order to set aside claims that it was not in compliance with electricity market rules during the Western power crisis of 2000 and 2001. Reliant Resources and FERC also came to an agreement over the companys allegedly manipulative electricity trades. Reliant has said it will pay $836,000 in order to bypass accusations that it double-sold ancillary services. The amount is supposed to reflect the profit that the company made by its alleged practices. The settlements were filed on Friday. Morgan Stanleys settlement still faces FERC board approval. FERC has encouraged companies involved in questionable behavior during 2000 and 2001 to try to settle allegations before November 3. An administrative law judge will preside over cases in November, when formal hearings begin.
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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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