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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
Profits of Enron Gas Subsidiary Ordered Refunded
LCG, July 18, 2002--The Federal Energy Regulatory Commission (FERC) yesterday ordered Transwestern Pipeline Co. to refund profits made on two gas supply deals in early 2001.The company, which is a subsidiary of Enron Corp., sold gas to Richardson Products Co. and Sempra Energy Trading Corp., after the companies were notified in advance that capacity on Transwestern pipelines would be auctioned in February and March of 2001. The companies were the only bidders for the capacity. Rather than paying regulated rates, the companies signed deals at prices many times above such rates.The FERC found that the deals violated rules concerning arms-length transactions. In some cases, negotiated deals are allowed, but Pat Wood said of the circumstances under which the deals were made, "There was no incentive to keep prices down....They could pass it on to an energy-starved electric market." Early 2001 marked California's energy crisis, in which an apparent shortage of supply and poor market design led to ever-higher wholesale power prices.Transwestern will be given 30 days to pay refunds to the companies. One transaction allowed Transwestern a payment of $232,200 in a day, rather than $3,800, the amount which FERC found would have been justified.
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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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