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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
Judge Denies Attempt to Block SoCal Ed Recovery Deal
KLCG, Nov. 29, 2001--Southern California Edison Co. said yesterday that an appeals court had denied a motion from an anti-utility activist group seeking to block a deal which the utility believes will save it from bankruptcy.An agreement between the utility and the California Public Utilities Commission would allow the company to recover about $3.3 billion with which to pay debts that have it teetering on the edge of bankruptcy.A group called Toward Utility Rate Normalization (TURN) had filed a motion to block the agreement with the Ninth Circuit Court of Appeals in San Francisco after federal judge Ronald Lew rejected a similar request.John Bryson, chief executive of SoCal Ed's parent Edison International Inc., said "We and the CPUC continue to believe that the settlement is fair and reasonable to the parties, creditors and our customers and establishes a sound path to restoring (SoCal Ed's) financial health."SoCal Ed estimates that it ran up debts of $6.35 billion subsidizing low electric rates for its customers. Under California's failed electric restructuring law, the state's three investor-owned utilities were forced to purchase wholesale power at market prices and sell the same power at rates frozen 10 percent below those in effect in 1997.The scheme seemed to be working until it became apparent that California had insufficient generation resources to meet its demand. At that time, the law of supply and demand took effect and sent wholesale power prices soaring.
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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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