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AES Receives Approval from California Energy Commissioners to Construct Gas-Fired Power Generation in Southern California

LCG, April 13, 2017--California Energy Commissioners yesterday approved plans to construct and operate a power generation facility, the Huntington Beach Energy Project (HBEP), located in the City of Huntington Beach. The 844-MW, natural-gas fired project will be developed by AES Southland Development, LLC (AES).

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Southern Power's 120-MW Solar Project Commences Operation in Texas

LCG, April 6, 2017--Southern Company subsidiary Southern Power yesterday announced the commercial operation of the 120-MW East Pecos Solar Facility in Pecos County, Texas. Austin Energy will purchase the energy and associated renewable energy credits (RECs) under a 15-year power purchase agreement (PPA), which it plans to apply to meet Austin City Council goals for renewable energy and carbon reduction.

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Press Release

California Electricity Market 10-Year Forecast


LCG, October 19, 2015-LCG Consulting of Los Altos, California has announced the release of its latest ten-year forecast of the CAISO electricity market (2016-2025). Results suggest that the mandated, large-scale deployment of renewables will impact the state’s electricity market. The study includes hourly price forecasts at Default Load Aggregation Points (DLAP) and Trading Hubs. Results also include monthly summaries of constraints that experience the highest congestion and generation by fuel type.

With State's renewable portfolio standards (RPSs), California is expected to experience rapid renewable technology deployment over the coming decade. Large scale solar deployment will impact the state’s net load during peak hours and have significant implications for hourly locational marginal prices (LMP). This along with other proposed supply and demand side changes will have significant impact on the state’s future electricity market. In order to forecast the impact of these factors on the California electricity market LCG has conducted an extensive study to simulate CAISO operations through 2025.

LCG used the UPLAN Network Power Market model to perform hourly nodal simulations of every hour of the time horizon. UPLAN is a fundamental model that represents all generation units, loads, and transmission infrastructure in CAISO and simulates the physical and financial behavior of the participants in the CAISO market with respect to the market protocols. The study includes detailed forecasts of load, fuel prices, renewable and hydro generation profiles, and generation expansion and retirement. The analysis takes into consideration the RPS target, reserve margin and ramping requirements set recently by California regulators and CAISO. Read more.

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