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News
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
Read more
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Industry News
AES Sale of Colombia Assets to Fenosa Back On
LCG, Oct. 20, 2000--An agreed-upon deal between AES Corp. of the U.S. and Spain's Unin Fenosa for the Spanish company to purchase three Colombian electric companies from Venezuelan utility Grupo EDC following the acquisition of EDC by AES is apparently back on, after seeming to fall apart last month.Yesterday, Grupo EDC said it had reached a "definitive agreement" with Fenosa for the sale of the Colombian utilities, Epsa, Electrocosta and Electricaribe, but did not disclose financial details. Under the earlier arrangement Fenosa would have paid $235 million for the companies.EDC is anxious to get rid of its troubled Colombian assets because they are responsible for its inability to turn a profit. The company's Electricidad de Caracas unit which provides electric service to the Venezuelan capital posted a $9.1 million profit for the first half of 2000, but its Corporacin EDC subsidiary, which contains the Colombian firms and some non-energy assets, showed a loss of $14.3 million.Whatever Fenosa pays for the three Colombian firms, EDC will book a large loss on their sale, as it paid $280 million for Epsa which serves the city of Cali and $275 million for the other two. Nevertheless, Richard Bulger, president of Grupo EDC said "We think this (sale) makes sense for the group and is consistent with our goal to focus more on our core operations in Venezuela."Since acquiring an 87 percent interest EDC for $1.66 billion in a hostile takeover last June, AES has cut the Caracas utility's workforce by about 50 percent. A one-time charge to be taken in the second half of 2000 for the layoffs will further reduce EDC's earnings for the year, Bulger said.
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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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