|
News
|
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
|
|
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
|
|
|
Industry News
House Panel Begins Enron Hearings Tomorrow
LCG, Dec. 11, 2001--The Financial Services Committee of the U.S. House of Representatives will begin hearings into the collapse of Enron Corp. tomorrow, but will have to do without the testimony of some key players the lawmakers wanted to hear from.No subpoenas have been issued by the panel, which simply invited the Securities and Exchange Commission, Enron and Enron's auditor, among others, to appear.Joe Berardino, chief executive of Arthur Andersen, the Big Five accounting firm that audits Enron's books, will face the panel, according to a spokesman for his firm. Andersen has been widely criticized for signing off on Enron financial reports that had to be revised after investigations into the energy giant began.A spokesman for Enron said that chairman and chief executive Kenneth Lay may decline to appear and accept the risk of seeming uncooperative.SEC Chairman Harvey Pitt has sent the committee his regrets, but had plenty to say in an article under his byline in today's Wall Street Journal, that largely defended his agency against criticism that it should have seen Enron's nosedive coming."Until all the facts are known, there is nothing that can or should be said about who may be responsible for this terrible failure," Pitt said in his article.Pitt was referring to the finger-pointing that has been going on, pinning the blame for Enron's demise on venal executives, questionable business practices, bad accounting and lax oversight. The SEC has drawn criticism for not beginning an investigation until after the damage had been done."In a crisis, some seek easy answers to difficult problems by pointing fingers," Pitt wrote, "but true reform requires rigorous analysis, respect for competing views and compromise and statesmanship by all concerned.""We can achieve more than we presently do if we focus attention on finding solutions instead of scapegoats," he added, saying the Enron problem reveals and emphasizes the need to bring up to date financial reporting and disclosure laws that were created more than 60 years ago.Pitt said that investors need current information from independent sources, rather than quarterly or annual reports churned out by company accountants.Yesterday, the House Energy and Commerce Committee said it had asked the SEC to submit certain files on Enron by next Monday. In a letter to the SEC, signed by Republican Reps. Billy Tauzin, who is chairman of the committee, and James Greenwood, who is chairman of its subcommittee on oversight and investigations, the committee also requested a private briefing by the SEC staff this Friday.
|
|
|
|
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
|
|
|
UPLAN-ACE
Day Ahead and Real Time Market Simulation
|
|
|
UPLAN-G
The Gas Procurement and Competitive Analysis System
|
|
|
PLATO
Database of Plants, Loads, Assets, Transmission...
|
|
|
|
|
