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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
California Treasurer Hits Road to Peddle Bonds
LCG, Aug. 3, 2001California state Treasurer Philip Angelides was in Manhattan yesterday, drumming up interest on Wall Street for $12.5 billion in state bonds intended to replenish a bank account drained nearly dry by electricity purchases.Angelides presented his sales pitch to more than 150 money managers in New York, while another 100 or so listened in by telephone. He was offering the largest municipal bond issue ever, and the going wasn't easy."This is a hard row to hoe," Angelides told reporters following his presentation. "We've still got a lot of work to do."Among the things to do is providing underwriters with assurances that the state will be able to service the debt something that should not pose a problem for the world's fifth-largest economy. But lenders always seem to want to know what the money will be used for. The state intends that revenue from the bond sale be used to repay the California Department of Water Resources for purchasing power on behalf of the state's two largest utilities, Pacific Gas & Electric Co. and Southern California Edison Co.But the companies believe that they should be compensated for purchasing power at high wholesale rates and selling it at low rates mandated by the state's failed electric deregulation law.PG&E told the California Public Utilities Commission on Wednesday that it will go to court opposing any rate plan that places the water agency at the front of the line for ratepayer revenue.Angelides said yesterday it "would be tragic" if either of the utilities filed suit to prevent the CPUC from directing that the Department of Water Resources from getting the bond proceeds. "PG&E and Edison could really delay things with a lawsuit," he said. "It would be the wrong thing to do, morally and ethically."PG&E spokesman John Nelson said such a lawsuit by the utility would be neither immoral nor unethical.Whatever the outcome of PG&E's threat, Angelides said the water agency would get the money it needs, even if rates have to be raised. "The bottom line is that the (Department of Water Resources) will get what it needs," he said. "If the utilities need additional funds, that's a determination for the CPUC to make."
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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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