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News
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LCG, May 28, 2026--DTE Energy yesterday announced a $1.6 billion investment to develop Michigan-made battery energy storage systems across Michigan through partnering with LG Energy Solution Vertech, the U.S. energy storage division of LG Energy Solution.
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LCG, May 27, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a Power Purchase Agreement (PPA) with Microsoft for the 140 MWdc (100 MWac) Bluebird Solar project in Klickitat County, Washington. Bluebird is located near four other energy projects owned and operated by Avangrid in Klickitat County and represents another $300 million investment in the community. The Bluebird Solar project is expected to achieve commercial operation in 2028.
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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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