EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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

Industry News

Mirant Debt Exchange Said to Have Significant Backing

LCG, June 30, 2003--Mirant Corp., which has so far narrowly avoided seeking bankruptcy due to liquidity problems, has said that an offer to bondholders to exchange unsecured bonds for secured bonds has the support of two-thirds of those holding the merchant power developer's debt.

The company stated that it believes it can gain the 85 percent support needed to go ahead with the restructuring, based on the support it says was indicated by an informal committee of bondholders. The secured bonds would mature in 2008, two years later than current bonds. Mirant has told banks that they would have equal priority with bondholders as concerns as much as $1.1 billion in claims.

Mirant has $8.9 billion worth of outstanding debt, and has a payment of $1.125 due next month. In order to increase the chances that its current offer will be accepted, it has included provisions for cash payouts, higher interest rates, and warrants for stock purchases.
Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service