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News
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LCG, May 28, 2026--DTE Energy yesterday announced a $1.6 billion investment to develop Michigan-made battery energy storage systems across Michigan through partnering with LG Energy Solution Vertech, the U.S. energy storage division of LG Energy Solution.
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LCG, May 27, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a Power Purchase Agreement (PPA) with Microsoft for the 140 MWdc (100 MWac) Bluebird Solar project in Klickitat County, Washington. Bluebird is located near four other energy projects owned and operated by Avangrid in Klickitat County and represents another $300 million investment in the community. The Bluebird Solar project is expected to achieve commercial operation in 2028.
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Industry News
AEP Buys Barge Line from Progress Energy
LCG, July 24, 2001--American Electric Power Co. said yesterday that it has executed a definitive agreement for its AEP Resources Inc. subsidiary to acquire the stock of Memco Barge Line Inc. from the Electric Fuels Corp. subsidiary of Progress Energy Corp. for $270 million."The acquisition of Memco is another important part of our growth strategy to create value at various points along the energy chain," said Paul D. Addis, executive vice president of AEP's wholesale activities group. "In this case, the coupling of the Memco barge assets with our existing fleet will add earnings and significant information flow in the sometimes-neglected transportation component of our business."Tom Kilgore, president of Electric Fuels Corp. and head of Progress Energy's non-regulated business unit, said "This sale helps us accomplish our goal by allowing us to focus on growing our wholesale generation, fuel extraction and power marketing and trading operations."The acquisition adds 1,200 hopper barges and 30 towboats to AEP's 605 barges and 15 towboats placing it among the leading barge operators in the country, the company said. Memco has added 860 new barges to its fleet between 1993 and 2000, reducing the average age of the fleet to less than seven years.AEP said its core barge operations will be along the Ohio and Lower Mississippi rivers and along the Gulf Coast, with operations extending to the Upper Mississippi and Illinois, Tennessee- Tombigbee, Black, Monongahela and the Arkansas rivers.The proposed transaction, which is subject to regulatory approvals, is expected to close within 60 days, AEP said. The acquisition is expected to boost earnings immediately.
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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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