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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
SoCal Ed: 'No Comment' on Davis' Rescue Plan
LCG, Aug. 22, 2001--Southern California Edison Co. knew pretty much what Gov. Gray Davis was going to offer to the state Assembly's Democrat caucus yesterday in the way of revisions to the deal the governor had worked out with the utility in April, and it knew it wouldn't like them.When he learned of the details of Davis' meeting with the lawmakers, Chief Financial Officer Jim Scilacci told a conference call of the utility's creditors that he will have "no comment on questions relating to this rescue package" at this time.When Davis reached agreement with SoCal Ed on a "rescue plan," the idea was for the state to buy the utility's transmission assets for $2.76 billion and for the company to use the money to pay off as many of its creditors as it could. The governor and SoCal Ed said that's the way it is -- no changes -- and it has got to get done by August 15.The California legislature wanted no part of the plan, and lawmakers began coming up with their own ideas. In July, the state Senate passed a measure offered by Sen. Byron Sher, a Palo Alto Democrat. His proposal said forget about the wires. The state would back about $3 billion in tax-exempt revenue bonds that the utility would issue and be responsible for. And there were pretty tight strings attached to what the company could do with the money. Yesterday, Davis suggested ways the state Assembly could modify Sher's bill to make it better.First of all, SoCal Ed would have to make sure that residential customers did not see a rate increase to help pay off the bonds and pay the interest. Residential customers are voters. But even small businesses would be included among those that foot the bill.The state would not go through with the purchase of the transmission lines unless the legislature voted for it.SoCal Ed would provide public easements to about 24,000 acres of land near its hydroelectric plants.The company would be required to increase the amount of power from renewable resources in its portfolio.Democrat Assemblyman Fred Keeley of Boulder Creek, said bankers have warned that SoCal Ed's 3,600 large business customers aren't enough to support a $2.9 billion bond. And state Senate President Pro Tem John Burton, a San Francisco Democrat, said the provision about small businesses didn't have a chance of passage.Republicans in both the Assembly and the state Senate said no one had yet told them about any of this.
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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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