EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

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

'Davis' Ethical Mess' is not Unnoticed

LCG, Aug. 1, 2001In an editorial headlined "Davis' ethical mess: Bill comes due for not following the rules" appearing this morning in the print and Internet editions of the Sacramento Bee, the paper pointed up concerns that must be felt by all Californians who have been following the state's energy crunch.

"The price to Gov. Gray Davis of his ethical blindness is beginning to add up," the Bee said.

And the Bee is correct. It ran through a list of state officials, hired as "consultants," who resigned or have been sacked in the past few days for ownership of stock in companies from which they purchased power or relationships with which they had considerable influence.

The paper missed one of the more interesting potential conflicts, though that of Barry Goode, one of Davis' lawyers. It was Goode who advised the consultants to either sell their stock in the energy companies or resign. Then, another paper reported this morning, it turned out that Goode himself owned shares of stock in energy companies.

The Bee asked the question: "With three agencies -- the Fair Political Practices Commission, the state attorney general and the SEC -- now looking at conflicts between its private and public activities, has it finally occurred to the Davis administration that something is going on here besides an attack by a political opponent?"

Davis has managed the energy crunch as if his emergency power made ethical conduct irrelevant. "Trust me, he told the public. Trust me to negotiate secret contracts. Trust me when I hire consultants who formerly worked for Edison to know the difference between Edison's needs and the public's," the Bee's editors said.

Well, there is a reason there are rules and the mess in Sacramento illustrates it well. The Bee pointed out that "The (state's) electricity buyers apparently couldn't be trusted to understand they shouldn't own stock in companies they were buying from, and the administration apparently couldn't be trusted to tell them otherwise."

" Worst of all," the paper said, "the governor apparently couldn't be trusted to set the right tone, telling those who worked for him that the state's extraordinary venture into the electricity market required extra ethical diligence, so that the public could never doubt that public servants were working for the public's interest, not their own."

The online edition of the Bee can be found at www.sacbee.com.

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service