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News
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LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.
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LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.
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Industry News
California Audits Confirm Utilities' Insolvency
LCG, Jan. 30, 2001Independent audits of California's two big electric utilities, ordered by the state Public Utilities Commission which said it doubted the veracity of the companies' own financial officials, confirm that things are just as bad as the regulators were told.The audit for Southern California Edison Co. was released yesterday and that for Pacific Gas & Electric Co. was expected to follow today.Undertaken for the PUC by accounting firm KMPG, the audit of SoCal Edison showed that the utility had lost about $4.5 billion purchasing power at market rates and selling it a fixed rates. The audit also answered critics who have complained of transfers of money from SoCal Edison to its parent, Edison International Inc.In the five years covered by the audit, SoCal Edison had transferred large sums to Edison International, and the parent company had paid out $1.6 billion in shareholder dividends and had spent another $2 billion repurchasing the company's stock. KMPG found nothing unusual about those transactions, noting that they were made when the going was good.Edison spokesman Steven Conroy said of the audit, "It does certainly highlight what we've been saying about our financial situation."Phil Trounstine, communications director for California Gov. Gray Davis, said the governor believes the audits support his contention that the state can help the utilities out of their present difficulties without a further rate increase, but didn't say what sort of magic the governor would use.He'll need some. Twelve days ago, the state began purchasing power for the utilities under emergency legislation that provided $400 million for the purpose. California Department of Water Resources spokesman Mike Sicilia said yesterday that the department had used up the money by Sunday. "We are now operating under the governor's emergency powers," he explained.Davis has ordered more state money to keep the utilities in electricity, but didn't say how much or how long the state would go on buying short-term power.
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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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