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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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Sage Geosystems Announces Funding for Next-generation Geothermal Power Generation Project

LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.

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Industry News

LG&E and KU Authorized to Exit Midwest ISO

LCG, June 2, 2006--The Kentucky Public Service Commission (PSC) on Wednesday authorized Louisville Gas & Electric Co. (LG&E) and Kentucky Utilities Co. (KU) to withdraw from the Midwest Independent System Operator (MISO), the regional electric system operator that had a service territory extending from eastern Montana through the upper Midwest - including Manitoba - and south to parts of Kentucky and Missouri.

In a two-to-one vote, the PSC ruled that the exodus from the MISO would reduce costs and maintain local control over key aspects of the utilities? operations. In dissenting, Chairman Mark David Goss stated that the withdrawal would leave Kentucky in a weak position to influence electric policy during the inevitable regionalization of transmission assets and markets.

On March 17, 2006, the Federal Energy Regulatory Commission (FERC) granted conditional approval to LG&E and KU to withdraw from the MISO. The PSC's authorization enables both utilities to proceed with the withdrawal from the MISO.

LG&E and KU plan to resume control over their transmission facilities. The utilities propose to use the Tennessee Valley Authority (TVA) to provide transmission reliability coordination services and to use the Southeast Power Pool (SPP) to address electric power marketing rules. Agreements with TVA and SPP are the subject of current, separate proceedings before the PSC.

LG&E and KU became members of the MISO in 1998. The MISO formally began commercial operations of its new, Day-Ahead and Real-Time electricity markets on April 1, 2005. Elements of the new market design include centralized, security-constrained unit commitment; security-constrained economic dispatch; locational marginal pricing (LMP); and a market for financial transmission rights (FTRs).
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The Locational Marginal Price Model (LMP) Network Power Model
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A Battery Simulation Model
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Day Ahead and Real Time Market Simulation
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Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service