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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
AEP Announces $4.5 Billion Investment In Wind Catcher Energy Connection
LCG, July 28, 2017--American Electric Power (AEP) yesterday announced a major clean energy project, Wind Catcher Energy Connection, that would provide new wind energy to its customers in Arkansas, Louisiana, Oklahoma and Texas.
The Wind Catcher project developer is Invenergy. The project is located in the Oklahoma panhandle and will include 800 GE 2.5-MW turbines. Construction began in 2016, and the project is expected to be fully operational in mid-2020. Invenergy is contracted to operate the facility for the first five years. Once completed, the project is expected to be the largest, single-site wind project in the United States.
AEP's utility subsidiaries Public Service Company of Oklahoma (PSO) and Southwestern Electric Power Company (SWEPCO) will file July 31 with regulators in Arkansas, Louisiana, Oklahoma and Texas plans to purchase the 2,000-MW wind farm and to build an approximately 350-mile, dedicated, extra-high voltage electric transmission line to deliver the renewable energy to customers.
AEP's announcement estimates the total investment for the project will be $4.5 billion, inclusive of all costs. AEP expects the project to save SWEPCO and PSO customers more than $7 billion, net of cost, over 25 years.
AEP's chairman, president and chief executive officer stated, "AEP is moving to a cleaner energy future, driven by new technologies and the expectations of our customers and shareholders. We are diversifying our generation mix to include more renewables, and we're also investing in a smarter, more efficient and resilient electricity grid to support these new resources and technologies. This project is consistent with our strategy of investing in the energy resources of the future, and it will save our customers money while providing economic benefits to communities."
SWEPCO will own 70 percent of the project, including 1,400 MW of wind. PSO will own 30 percent of the project, including 600 MW of wind. The project is subject to regulatory approvals in Arkansas, Louisiana, Oklahoma and Texas, along with the Federal Energy Regulatory Commission (FERC).
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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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