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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
Reliant, Mirant Said Pushing SoCal Ed Bankruptcy
LCG, Sept. 20, 2001--Two major power producers in California -- among those the state's governor calls "the biggest snakes on the planet earth" -- are looking for a third to join them in forcing Southern California Edison Co. into involuntary bankruptcy, Reuters news agency reported yesterday evening.While SoCal Ed remained confident that smaller "qualifying facilities" would grant the utility forbearance, Mirant Corp. and Reliant Energy Inc. are growing impatient, the news service said, citing "creditor sources." It would take a petition from just three creditors to force the company into bankruptcy."Those two are solid. They have been courting others to feel them out," said one creditor source, who asked not to be identified.Duke Energy Corp., which has also been accused by California Gov. Gray Davis of plundering the state, will not be party to such a move, a spokesman said. "We are not going to participate (in a bankruptcy filing)," Duke spokesman Tom Williams said.Ted Craver, chief financial officer of SoCal Ed's parent holding company Edison International Inc., said on Tuesday that the company would "vigorously oppose any involuntary bankruptcy petition."A spokesman for Reliant said the company currently has about $337 million in outstanding receivables owed mostly through the California Power Exchange, of which about 60 percent were related to sales to Pacific Gas & Electric Co. and 40 percent to SoCal Ed.A Mirant spokesman could not immediately confirm how much the company was owed by SCE. In a filing with the U.S. Securities and Exchange Commission last month, Mirant said that it was owed $353 million for power sold through CalPX and the California Independent System Operator as of June 30.
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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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