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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
About Those 'Robber Barons' Stock Sales
LCG, Feb. 2, 2001 Four California utility executives sold small portions of their holdings in their companies last year, making profits of three or four dollars a share where once they had paper profits of many times that amount, and did so only after their companies had made full public disclosure of their deteriorating financial condition.Doug Heller, consumer advocate for the Foundation for Taxpayer and Consumer Rights in Santa Monica, was quick to make a statement. "The Legislature and governor should have thought twice before handing out a bailout to these robber barons," he said.But are the robber barons really such?Gordon Smith, chief executive of pacific Gas & Electric Co. and Richard Clarke, a former CEO and currently a director, between them sold 32,500 shares of stock, realizing a gain of only $3.63 per share on average.It's not as though they were bailing out. Smith still holds about 400,000 shares of stock which are now worth about half of what they were worth last August. At Edison International Inc., parent of Southern California Edison Co., controller Tom Noonan made a whopping $4.25 per share by tapping into options on 8.300 shares. Chief information officer Mavash Yazdi sold 3,000 shared of Edison at $24.25, but the price he had paid was not available.At the time of the stock sales, both companies had already issued warnings that skyrocketing wholesale power prices were draining their available resources.
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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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