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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
Virginia Utilities Must 'Functionally Separate' Generation
LCG, Dec. 19, 2001--Judges of the Virginia State Corporation Commission yesterday reaffirmed a requirement in state law that electric utilities must "functionally separate" generating and distribution services before competition among electricity suppliers begins in the Old Dominion.The next 12 days will be busy as both regulators and utilities get ready for competition to begin on January 1.The Corporation Commission ruled yesterday that a plan by Virginia Electric & Power Co. to transfer ownership of its power plants to another subsidiary of its parent holding company, Dominion Resources Inc., would not be in the public interest."We find that it will create too much uncertainty, too much risk and provide too little benefits, if any," the commission said yesterday. The SCC judges instead approved their own solution, which would be the transfer of the plants to new, separate divisions of Virginia Power.The commission said the ruling also applied to the state's number two investor-owned utility, American Electric Power Co., and to 12 rural electric cooperatives.Earlier this year, AEP had, like Virginia Power, asked to transfer its Virginia power plants to another subsidiary of the parent holding company, but the company agreed this fall to create a division within the utility for the generating assets.The Corporation Commission said in its ruling yesterday that Virginia Power might transfer ownership of its plants to a unit of Dominion Resources at a later date "when conditions are such that that the public interest in safe, reliable electric service will not be jeopardized by the transfers."One of the SCC judges, Theodore V. Morrison Jr., said the Virginia General Assembly could help the commission by providing clearer direction on the issue of legal separation.Virginia Power has the options of accepting the order, appealing it to the Virginia Supreme Court, or asking the General Assembly to modify the law to accommodate its wishes.All in 12 days.
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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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