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News
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LCG, November 12, 2025--LCG Consulting is excited to announce the release of the MISO 2034 Data Model, built from the latest MISO Transmission Expansion Plan (MTEP). This powerful, nodal-level data model offers a forward-looking view of generation, transmission, and load forecasts across the MISO region—empowering energy professionals to explore the grid of the future with confidence.
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LCG, November 12, 2025--Xcel Energy, together with the Utility Consumer Advocate (UCA), Colorado Energy Office (CEO), and Trial Staff of the Public Utilities Commission (PUC), filed a petition on November 10 requesting Commission approval to keep Comanche Generating Station Unit 2 available for up to one additional year after its currently planned retirement on December 31, 2025.
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Industry News
Enron's Short-term Trading Carried Outsized Risk
LCG, Dec. 12, 2002--During 2000 and 2001, the risks and rewards of Enron's energy trading operations grew quickly, well beyond what any comparable trading operation might have expected, according to internal records and interviews with former executives obtained by the New York Times.According to profit-and-loss statements within the company, Enron's traders made bets that resulted in over $100 million in profits being realized on at least 17 single days. The company's communications with analysts tended to downplay the degree of speculation inherent in bets on the direction of natural gas and electric power prices. Much of the trading was conducted by Enron with affiliates such as Portland General Electric, in what may have been an effort to boost price levels.Approximately $1.3 billion in net trading profits were realized in 2001 from gas and power trading on the West Coast. Kenneth Lay said in an interview in March of 2001, "We're basically making markets, buying and selling, arranging supplies, deliveries. We do not, in fact, speculate on where markets are headed."Following a profit of $485 million recorded for Dec. 4, 2000, a loss of $550 million took place on Dec. 12, after natural gas prices fell. Losses of $1 billion accumulated over that and two other days that month. Moody's Investors Service grew concerned at the size of that particular loss, which exceeded the company's risk limits, and as such, had to be reported to the board. The rating agency did not downgrade the company's debt, following a presentation by Richard Buy, the chief risk officer.Traders reportedly convinced board members that the risk being assumed was worth the potential profit. Enron's value-at-risk limits, representing the amount of loss considered tolerable within a single day, were raised from $80 million to $140 million towards the end of 2000. Currently, the company's former top trader, Timothy Belden, is cooperating with federal investigators, and has pleaded guilty to wire fraud for manipulating Western energy prices.
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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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