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News
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LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.
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LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.
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Industry News
Key Enron Unit Lied About Profits, Former Employee Alleges
LCG, Jan. 25, 2002--A former sales director at Enron, Margaret Ceconi, found soon after starting at the company that Enron Energy Services, which made wholesale energy deals with corporations, was making losses on nearly all of its deals, she told Reuters Thursday.After working at Enron for approximately nine months, Ceconi was laid off in a reorganization in mid-2001. Ceconi then sent an e-mail to then-chairman Ken Lay and Enron's board that laid out her concerns that EES' financial statements showed profitability for every quarter, beginning in the fourth quarter of 1999. Her attorney, Demetrios Anaipakos, said there was "a genuine concern on her part that EES had essentially been playing a shell game, window-dressing its own alleged profits."According to Ceconi, the losses were masked by other activity in the wholesale energy business units. "This is common knowledge among all the EES employees and is actually joked about. But it should be taken seriously," she said.A University of San Diego law professor unconnected with Ceconi offered testimony to the Senate Governmental Affairs Committee yesterday that reinforced the sense that Enron made large losses, which were covered up by profits in other areas. Frank Partnoy said he believed, based on "written information, e-mail correspondence and telephone interviews," that revenues from the company's derivatives trading business were used to cover up unprofitable activities.Partnoy said that Enron's profitable use of derivates, financial contracts which are valued based upon prices of commodities or securities, enabled the company to lie to the financial community about its losses from speculation in risky stocks and its failed ventures in retail energy, water and broadband services.He stated that by expertly inflating its billions of dollars in profits from derivatives, the company intentionally created false accounting statements. The professor said that regulation of derivatives and capital markets were necessitated by the role of "auditors, law firms, banks, securities analysts, independent directors and credit rating agencies" in the company's demise.
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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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