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News
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LCG, July 3, 2025--American Electric Power (AEP) announced today that on June 30, the 795-MW Green Country Power Plant officially became part of the generation portfolio of Public Service Company of Oklahoma (PSO), a unit of AEP.
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LCG, July 2, 2025--Alliant Energy today announced plans to add up to 1,000 MW of wind energy generating capacity in Iowa to meet demand and ensure reliable, affordable energy for its customers. The plans are included in a filing with the Iowa Utilities Commission (IUC), and the company anticipates a decision from the IUC in the first quarter of 2026.
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Industry News
AEP Cuts Back Speculative Trading
LCG, Oct. 11, 2002--Liquidity in energy trading is likely to decline further, following the announcement yesterday by American Electric Power Co. (AEP) that it will significantly reduce the resources it had devoted to speculative trading.A top trader at AEP, Rick Snowdon, departed from the company in May along with others who worked with him, citing personal reasons for leaving. This had led some at other firms to infer that AEP had incurred losses on its trading operations. The company applied to the Electric Reliability Council of Texas in September to mothball older coal-fired generators which had served the Texas market, a market which has more than adequate supplies of power.A significant amount of AEP's coal-fired generation will continue to supply the Midwest with inexpensive power. AEP's overall generation portfolio totals 42,000 megawatts. The company's earnings estimates for the current year have been cut by 11 percent, AEP chairman, chief executive and president Linn Draper said Thursday. Draper stated that the company "is painfully aware that the current market conditions won't reward the scope and scale of our trading and marketing business that we built over the last several years.A trader quoted by Reuters said, "These things make trading conditions that much more difficult. They are causing everybody to be that much more conservative in who they trade with and make it more costly to trade." Much of speculative trading involves contracts based on estimates of the future price of power.
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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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