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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
OUC Acquires Osceola Natural Gas Power Plant
LCG, September 30, 2021--OUC (Orlando Utilities Commission) announced yesterday that it completed on Tuesday its purchase of the Osceola Generating Station, a 510-MW, natural gas-fired power plant located near Harmony in Osceola County, Florida. OUC announced plans to purchase the 20-year old, inactive facility last month.
The acquisition of the Osceola plant with three, dual-fuel gas turbines that can be rapidly powered up or down can complement growth in intermittent solar power installations in the area. OUC states that the nearly $100 million deal to purchase and upgrade the inactive plant from Genova, a Texas-based private ownership group, will not change OUC’s commitment to net zero CO2 emissions as outlined in its Electric Integrated Resource Plan (EIRP), the utility’s 30-year energy roadmap.
The acquisition will allow OUC to retire its oldest coal-fired power plant, Stanton Unit 1 that began operations in 1987 at the Stanton Energy Center, rather than converting the facility to natural gas, as stated in the EIRP. OUC has not determined Unit 1’s retirement date but states that it remains committed to significantly reducing coal fired generation no later than 2025 and eliminating it no later than 2027.
OUC’s General Manager and CEO stated, “As we move forward with our clean energy transition, ensuring operational flexibility is essential to maintaining reliability, resiliency, and affordability for our customers. We are also committed to continued investments in solar and energy storage. This purchase of peaker generator units positions us to better manage the solar production fluctuations caused by cloud cover in Florida.”
Under the EIRP, OUC plans to increase the use of renewable energy resources and encourage conservation to reach net zero CO2 emissions by 2050, with interim carbon emissions reductions of 50 percent and 75 percent by 2030 and 2040, respectively.
OUC’s transition away from coal in Florida is not unique. JEA and Florida Power & Light Company (FPL) acted in June 2020 to transition away from receiving power from a coal-fired unit at Plant Scherer in Georgia.
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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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