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News
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LCG, September 4, 2025--Puget Sound Energy (PSE) announced yesterday that phased construction has commenced on its 142-MW Appaloosa Solar Project, a utility-scale solar facility underway in southeastern Washington. The project is being built by Qcells EPC, who will serve as the module manufacturer and the engineering, procurement, and construction (EPC) solution provider. Construction is scheduled through 2026, and commercial operation is expected at the end of next year.
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LCG, September 3, 2025--The Tennessee Valley Authority (TVA) and ENTRA1 Energy (ENTRA1) yesterday announced a new agreement to advance nuclear power development within TVA’s service region. Under the agreement, ENTRA1 Energy will collaborate with TVA to deploy six ENTRA1 Energy Plants™, each powered by multiple NuScale Power Modules™, to provide up to 6 GW of firm, 24/7 baseload power.
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Industry News
SEC, Banks Arrive at Enron-Related Settlement
LCG, July 28, 2003--An investigation by the Securities and Exchange Commission into financial deals arranged by J.P. Morgan Chase and Citigroup for bankrupt Enron Corp. has resulted in the banks paying $255 million in settlements, without admitting or denying wrongdoing.J.P. Morgan and Citigroup arranged structured finance deals for Enron that members of Congress as well as the S.E.C. have said were intended to mask the extent of loans to Enron, and represent financing activities as operating cash flows. The securities regulator concluded that J.P. Morgan Chase and Citigroup were aware that the deals did not provide an accurate picture of the health of the energy company. In addition to transactions involving Enron, Citigroup also conducted deals for Dynegy. The settlement reached by Citigroup ends investigation into those financing deals as well.J.P. Morgan Chase will pay $135 million, while Citigroup will pay $120 million to compensate Enron and Dynegy investors, with total amounts to the two groups of $236 million and $19 million respectively. New York State and New York City will each also receive $12.5 million from both energy firms, which will cover the costs of the investigations.In one deal J.P. Morgan Chase organized for Enron, a $375 million load to be repaid over five years was accompanied by a $1 billion loan secured by a $1 billion deposit by Enron with J.P. Morgan Chase, which was extended and repaid in a single day. By representing interest payments on the smaller loan as being interest on the larger loan, Enron realized $125 million in Canadian tax benefits. Chase received a $5 million fee for its services. Experts who commented on the deal before it was conducted said that it was likely that Revenue Canada would become aware of and dispute the transaction under anti-avoidance statutes.
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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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