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News
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By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.
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LCG, July 13, 2026--Avantus, an independent power producer (IPP), and Clean Power Alliance (CPA) today announced a 20-year power purchase agreement (PPA) for the Rexford 2 solar and storage project in Tulare County, California. The project will deliver 200 MWac of solar power combined with a 200 MW/800 MWh of battery energy storage system (BESS) to the California grid. The project is scheduled to commence construction in 2027 and achieve operations in late 2028. Commercial operations under the PPA are scheduled to start in May 2029. Avantus plans to own and operate facility.
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Industry News
PJM Completes Financial Transmission Right Auction
LCG, May 23, 2003--The PJM Interconnection announced that it has finalized annual auctions of financial transmission rights for the first time, allowing customers to choose among 24-hour, on-peak and off-peak FTR's.The auction included the offering of all FTR's on the regional transmission organization's system. When a market participant holds an FTR and does not exceed the reserved transmission service with its deliveries, it can receive a rebate for congestion charges. An option was also introduced, to negate risk that arises when congestion is created in the direction opposite that of the FTR. A holder of a FTR can be charged for any congestion charges in these cases. The revenues and charges will rise and fall according to differences in locational marginal prices across a transmission path due to congestion.The auction process was initiated following the allocation of auction revenue rights (ARR's) to firm transmission service customers. The allocation takes place on the basis of any shifts among retail choice customers, and according to ARR holders' preference between receiving revenues from the FTR auction or converting an ARR into an FTR.The auction resulted in revenue of $345 million, through four rounds held between April and May, with 600,000 bids cast for 55,000 megawatts of FTR's, including the option product. Remaining FTR's will be auctioned off on a monthly basis.
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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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