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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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 Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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

Industry News

Cal Regulators Bar Utilities from Cutting Service;. Restraining Order Called 'Insulting, Unjustified'

LCG, Jan. 22, 2001The California Public Utilities Commission, meeting Friday in an "emergency session," imposed by a 2 to 1 vote a temporary restraining order on Pacific Gas & Electric Co. and Southern California Edison Co. in the inexplicable belief that the utilities intended to unilaterally abrogate their obligation to serve their customers.

The utilities, PUC president Loretta Lynch said, "will not and may not abandon service to customers." Commissioner Henry Duque, who voted against the order, said that the heads of both utilities had told him that they had no intention to shirk their responsibility to their customers. PG&E said it made that plain to all the commissioners before the meeting.

Gordon R. Smith, chief executive of PG&E responded to the order with something approaching high dudgeon. "For nearly 100 years, Pacific Gas & Electric Co. has been committed to providing safe and reliable service to our customers in Northern and Central California. Through fires, earthquakes, and other natural disasters, our obligation to serve has never wavered," he said.

"The commission's rhetoric (Friday) is an insult to the 19,000 men and women of PG&E who have worked tirelessly to minimize customer inconvenience" during last week's outages, Smith said.

John Bryson, SoCal Edison's chief executive, called the restraining order "unjustified" and said it was "an insult to the ethic of the 13,000 employees of (the company) who have worked to keep the lights on for their customers."

Bryson pointed out that SoCal Edison "has borrowed billions of dollars, which threatens the company's solvency, through eight and one-half months of inaction and delay by the CPUC, in order to continue to serve its customers."

SoCal Edison said in a statement it "has no intention of unilaterally withdrawing from its obligation, a point that was made clearly and unambiguously to the president of the CPUC, Loretta Lynch, by Bryson in a phone conversation (Thursday) that was initiated by Lynch. Subsequently, this was reiterated in another call from Bryson to Lynch prior to (Friday's) meeting."

SoCal Edison called the restraining order an abuse of its power by the CPUC. PG&E called it a waste of time.

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