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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Former Enron Trader Arrested by FBI
LCG, June 4, 2003--A former manager of electricity trading at Enron Corp.'s Portland, Ore.-based Western trading desk was arrested while at work yesterday in Ohio, and charged with manipulating California's power market in 2000 and 2001.The trader, John Forney, who managed Enron's real-time trading desk in June 1999, before moving to Houston in late 2000, was arrested at his office by agents with the Federal Bureau of Investigation, then released on bond following an appearance in the U.S. District Court of Columbus. According to an investigation led by the U.S. Attorney's office in San Francisco, one of the strategies used by Enron to realize gain while grid operators sought to make power available to Californians, known previously as Death Star, was called Forney's Perpetual Loop among Enron employees. The strategy involved scheduling of power transmission where no transmission actually took place. Enron was able to qualify for payments to relieve grid congestion with no adjustment necessary in the operations it claimed were planned.Forney, 41, is the third former trader for Enron to have been charged in relation to the Western energy crisis. According to Assistant U.S. Attorney Matthew J. Jacobs, "John Forney was the architect of many of the fraudulent schemes." The trader, who was put on administrative leave by his current employer, American Electric Power Co., worked at Enron from 1993 to early 2002.
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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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