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News
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LCG, December 2, 2025 — LCG today announced the release of its PJM Congestion Outlook for January–March 2026, delivering a fundamentals-based, three-month forecast designed to help traders and risk managers better navigate congestion risks in PJM’s FTR markets.
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LCG, December 2, 2025--The U.S. Department of Energy (DOE) today announced the selection of the Tennessee Valley Authority (TVA) and Holtec Government Services (Holtec) to support early deployments of advanced, light-water small modular reactors (SMRs) in the United States. With this announcement, DOE is supporting the first-mover teams to develop and construct the first Gen III+ small modular reactor (Gen III+ SMR) plants in the United States. The project teams will receive up to $800 million in federal cost-shared funding to advance initial projects in Tennessee (TVA) and Michigan (Holtec) and act to expand the Nation’s capacity while facilitating additional follow-on projects and associated supply chains.
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Industry News
Watkins' Letter Reveals Off-Balance Sheet Entities
LCG, Jan. 17, 2002--Enron Corp. depended on outside partnerships for hundreds of millions of dollars in revenue which never appeared on Enron's own income statements, according to a letter by an Enron vice-president, Sherron Watkins, to Ken Lay, Enron chairman.Instead, the earnings from entities previously unknown to the public, called Condor and Raptor, may have been used to offset losses in other ventures. Raptor generated revenue through trading in the stock of public companies; some of the stocks were in companies of which Enron was a customer, such as the Enron subsidiary New Power Company, and Avici Systems, which deals in data networking equipment.Analysts who have reviewed the substance of Watkins' letter say that $500 million generated by Raptor, as well as $800 million generated by Condor, may need to be deducted on Enron's income statements, and cause earnings to be revised downward by an additional $1.3 billion. In October, $1.2 billion was written off due to criticism that outside partnerships' activity was not explicitly included on Enron's own financial issuances.Watkins expressed concern in her letter that when Condor produced revenue, the transaction between Condor and Enron should most likely have been characterized as an exchange of stock for cash, rather than increased cash flow. She wrote, "if Enron stock did well, the stock issuance to these entities would decline, and the transactions would be less noticeable. All has gone against us."
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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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