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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
Watkins' Letter Reveals Off-Balance Sheet Entities
LCG, Jan. 17, 2002--Enron Corp. depended on outside partnerships for hundreds of millions of dollars in revenue which never appeared on Enron's own income statements, according to a letter by an Enron vice-president, Sherron Watkins, to Ken Lay, Enron chairman.Instead, the earnings from entities previously unknown to the public, called Condor and Raptor, may have been used to offset losses in other ventures. Raptor generated revenue through trading in the stock of public companies; some of the stocks were in companies of which Enron was a customer, such as the Enron subsidiary New Power Company, and Avici Systems, which deals in data networking equipment.Analysts who have reviewed the substance of Watkins' letter say that $500 million generated by Raptor, as well as $800 million generated by Condor, may need to be deducted on Enron's income statements, and cause earnings to be revised downward by an additional $1.3 billion. In October, $1.2 billion was written off due to criticism that outside partnerships' activity was not explicitly included on Enron's own financial issuances.Watkins expressed concern in her letter that when Condor produced revenue, the transaction between Condor and Enron should most likely have been characterized as an exchange of stock for cash, rather than increased cash flow. She wrote, "if Enron stock did well, the stock issuance to these entities would decline, and the transactions would be less noticeable. All has gone against us."
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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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