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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
Enron Will Sell Out, Forbes Says
LCG, Nov. 8, 2001--The Internet version of Forbes Magazine predicted this morning that Enron Corp. would sell itself to its much smaller rival Dynegy for $8 billion in stock, a fraction of its former value. As part of the deal, Chevron-Texaco, which owns 27% of Dynegy, would pump at least $1.5 billion in cash into Enron upon the inking of an agreement and an additional $1 billion when the deal closed, Forbes said.The New York Times noted this morning that Dynegy would also be taking on Enron's $12.8 billion debt load, but that's just the debt that shows up on Enron's balance sheet. It is estimated that billions more in debt has been accumulated off the balance sheet.It is these off-balance-sheet transactions that have triggered an investigation by the Securities and Exchange Commission and a host of class action lawsuits on behalf of shareholders who have seen the value of their investments cut by four-fifths.Enron was expected to furnish the SEC today with answers to questions the agency has posed in its investigation, and on Friday the company will meet Friday with its creditors about the company's continuing crisis and the proposed merger. The hope is a deal with Dynegy will lead Enron out of the storm and cause its trading partners to have enough confidence to do business with the company, Forbes said.In a filing with the Securities and Exchange Commission this morning, Enron said financial statements from 1997 through the first half of 2001 ``should not be relied upon'' and that partnerships run by Enron officials during that period should have been consolidated into the company's the financial results."We believe that the information we have made available addresses a number of the concerns that have been raised by our shareholders and the SEC about these matters," said Kenneth Lay, Enron's chairman and chief executive.The company also fired two executives this morning: Ben Glisan, its treasurer, and Kristina Mordaunt, general counsel for one of its divisions. Previously, Enron had sacked chief financial officer Andrew Fastow, who was in charge of some of the partnerships.Enron's shares sank to $7.00 yesterday on the new York Stock Exchange before recovering to close at $9.05. At 12:30 EST today, they were trading at about $8.50.
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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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