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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
New Jersey BPU Approves Settlement with PSE&G for Solar Investments
LCG, May 31, 2013--The New Jersey Board of Public Utilities (BPU) voted Wednesday to approve a modified settlement agreement with Public Service Electric & Gas (PSE&G) to invest up to $446 million in solar projects over three years.
Under the agreement, PSE&G may spend $247 million on 42 MW of solar generating capacity located on brownfield sites (including landfills), plus 3 MW of smaller projects. In addition, PSE&G would invest up to $199 million on 97.5 MW of new solar generation via a loan system.
The modifications to the settlement include oversight provisions that require PSE&G to: provide the BPU with monthly financial and progress reports; submit within 30 days its criteria for selecting projects and developers; and provide the BPU and ratepayer advocate ten days to review contracts prior to execution.
The New Jersey Division of Rate Counsel had opposed the agreement based upon its belief that there were inadequate safeguards to limit utility spending and that the ten percent return PSE&G would receive was too high.
The investments to develop solar power are also valued as a means to improve reliability in the wake of Hurricane Sandy.
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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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