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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
PG&E Creditors Approve CA Utility's Reorganization Plan
LCG, September 10, 2002-Creditors of the PG&E utility voted overwhelmingly in favor of the utility's plan to sell assets in order to recover from bankruptcy.Pacific Gas & Electric utility declared bankruptcy in April last year after differences between wholesale electricity prices and retail price caps left it financially strapped. Earlier this year, U.S. Bankruptcy Judge Dennis Montali decided that creditors to the utility could vote on one of two plans intended to bring the utility out of bankruptcy.The California Public Utilities Commission created one of the plans, which keeps the utility's assets under the control of California regulators, and the PG&E utility created the second plan, which involved splitting up assets into several companies, all but one of which would be moved beyond the control of state regulatory bodies.Only one of the ten classes of the utility's creditors voted for the CPUC's plan. Energy Service Providers, or Class 7, voted against the utility's plan.Although the utility is more than pleased by the overwhelming victory, the final decision over its $13.5 billion debt still lies with Judge Montali. Hearings on the plans are to follow.The balloting was conducted by independent voting agent Innisfree M & A.
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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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