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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
CPV, GE and ArcLight Announce Financial Closing for Woodbridge Energy Center
LCG, September 23, 2013--Competitive Power Ventures (CPV), GE Energy Financial Services and ArcLight Capital Partners (ArcLight) announced Friday that they have closed financing for the $842 million CPV Woodbridge Energy Center in New Jersey. Project construction on the 700-MW, natural gas-fired, combined cycle facility is scheduled to commence this quarter, with commercial operation as early as the first quarter of 2016.
The project is owned by CPV, ArcLight and Toyota Tsusho and will be operated by an affiliate of ArcLight. GE is providing financing, technology and services, including a 16-year contractual services agreement (CSA). According to the announcement, the project capacity is expected to be sold through 15-year Standard Offer Capacity Agreements (SOCA) with New Jersey utilities, and energy through a hedge.
GE will deliver its FlexEfficiency* 60 combined-cycle technology and engineering services for the project. The package includes two, fast-start 216-MW 7F 5-series gas turbine generators, one D-11A steam turbine generator in a "2x1" configuration and two duct-fired, triple-pressure reheat heat recovery steam generators (HRSGs).
The CPV Woodbridge Energy Center will convert a former chemical plant site into a power generation facility.
CPV's president stated, "Land reclamation, environmental benefits, strong community acceptance, a powerful economic impact and labor support: This project is what smart energy development looks like in 2013."
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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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