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News
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LCG, September 16, 2025--Southwest Power Pool’s (SPP) Board of Directors today announced that the Board approved a process to facilitate the connection of large users of electricity to the power grid while continuing to support energy needs for the entire region. SPP's new process is designed to incorporate transmission service, generation, load interconnection and other relevant reliability studies into a single framework that enables timely, informed decision-making and action.
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LCG, September 15, 2025--Longroad Energy announced today the financial close of 1000 Mile Solar, its 300 MWac (400 MWdc) solar project in Yoakum County, Texas. Longroad Energy finalized a long-term offtake agreement with Meta late last year in the form of an Environmental Attributes Purchase Agreement, which includes a financial settlement arrangement for the entire energy output of 1000 Mile Solar.
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Industry News
Re-regulation of Energy Derivatives Encounters Opposition
LCG, Mar. 21, 2002--A measure in a bill sponsored by Sen. Dianne Feinstein, D-Calif., that would bring energy derivatives back under regulatory supervision is being opposed by Sen. Phil Gramm, R-Tex. and other Republican senators.Oversight of over-the-counter swaps and trading on electronic exchanges, such as Enron Online, ended with passage of the Commodities Futures Modernization Act of 2000. Gramm, supported in his opposition by Federal Reserve Chairman Alan Greenspan and Treasury Secretary Paul O'Neill, said that a connection between lack of oversight and the collapse of Enron was false. Swaps, often used to substitute fixed price purchases for floating price purchases, are typically used to manage and hedge risk. Trading in derivatives was a highly profitable activity for Enron.Feinstein said in a Senate floor speech, "there is no transparency, no record-keeping and no oversight of trades...We do not know the price of terms for 90 per cent of the energy transactions that take place." She alleged that the Commodity Futures Trading Commission lacks oversight necessary to investigate fully what role derivatives trading might have played during the California power crisis.A letter to Gramm from Greenspan and O'Neill said that reviving oversight of derivatives "could re-introduce legal uncertainties into off-exchange derivatives markets and other markets." They said that derivatives' contribution to risk-management would be harmed by regulation.The Commodities Futures Modernization Act of 2000 was passed with strong assistance from Gramm, the former banking committee chairman. He and his wife, Wendy Gramm, had strong relationships with Enron officials. Mrs. Gramm served on the company audit committee.
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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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