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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
Florida PSC Approves Need for FPL's 1,633-MW Okeechobee Clean Energy Center
LCG, January 6, 2016--Florida Power & Light Company (FPL) announced yesterday that the Florida Public Service Commission (PSC) approved the need for FPL's proposed Okeechobee Clean Energy Center. The natural gas-fired electric generating facility is scheduled to commence operations in mid-2019 to serve the growing electric load in Florida.
The Okeechobee Clean Energy Center will be built on company-owned property in northeastern Okeechobee County, Florida. The estimated cost of the new, 1,633-MW facility is $1.3 billion. Given timely receipt of necessary approvals and permits, construction will begin in 2017.
FPL's president and CEO stated, "The FPL Okeechobee Clean Energy Center represents another major milestone in our successful program of phasing out older power-generating units and investing in new, high-efficiency clean energy centers that reduce emissions and save our customers money on fuel costs. Not only is the FPL Okeechobee Clean Energy Center the most cost-effective option for meeting Florida's future energy needs, it will also help us keep our customers' bills low for the long term and further reduce emissions from our system, which is already among the cleanest and most affordable in the nation."
The Okeechobee Clean Energy Center is part of the FPL's strategy of modernizing its system - investing in fuel-efficient power generation that uses clean, U.S.-produced natural gas, zero-emissions nuclear or solar energy while phasing out older, less fuel-efficient plants that use coal and oil. FPL continues to make progress on long-term plans for new nuclear power and, by the end of 2016, expects to have completed three new large-scale solar energy centers in Florida.
Last March, FPL filed with the PSC its ten-year plan that forecast a significant need for additional firm power generation beginning in 2019, with more to be added in future years. FPL also issued in the first quarter of 2015 a Request for Proposals (RFP) to invite prospective bids from interested power providers for firm generation. However, FPL received only one partial bid that did not conform to the terms of the RFP and fell far short of meeting the required energy need. With such a response, FPL then developed the plans to proceed and construct its own facility. In July, FPL announced plans to construct the Okeechobee Clean Energy Center in Florida.
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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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