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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
SWEPCO Announces Louisiana Settlement Agreement for the Proposed Wind Catcher Energy Connection
LCG, May 17, 2018--Southwestern Electric Power Co. (SWEPCO), a unit of American Electric Power (AEP), announced a settlement agreement April 13 in the Louisiana Public Service Commission's (LPSC) review of SWEPCO's request for approval of the proposed Wind Catcher Energy Connection, a 2,000-MW wind farm under construction in the Oklahoma Panhandle. The agreement includes SWEPCO, the LPSC General Staff, and Walmart Stores, Inc. and Sam's West, Inc.
The Wind Catcher project is the largest single-site wind project in the nation and is estimated to cost $4.5 billion. The project includes the acquisition of the wind farm and the construction of a 360-mile dedicated generation tie line to the Tulsa area, where the existing electrical grid will deliver the electricity to customers. SWEPCO will own 70 percent of the project, and its affiliate, Public Service Co. of Oklahoma (PSO), will own 30 percent. The project developer is Invenergy, and SWEPCO and PSO will purchase the facility at completion, which is scheduled for the fourth quarter of 2020.
SWEPCO agreed to provide a number of guarantees, including a cap on construction costs, qualification for 100 percent of the federal Production Tax Credits, minimum annual production from the project, and others. By joint motion to be filed soon, the parties will ask the Commission to approve the project under terms of the settlement agreement.
SWEPCO's vice president of External Affairs stated, "We are extremely pleased with this settlement agreement as the Wind Catcher project is an exceptional opportunity to reduce customers' electric bills, bring more clean and affordable energy to homes and businesses, and further diversify the generation resources serving our Louisiana customers."
"Walmart has a goal to be supplied by 100 percent renewable energy, and sourcing from wind energy projects - like the Wind Catcher project - is a core component in the mix," said Walmart's vice president of energy. "The energy procured by SWEPCO from this project represents an important leap forward on our renewable energy journey."
SWEPCO estimates that the project will save its customers more than $4 billion, net of cost, over the 25-year life of the wind farm. Cost savings include no fuel cost for wind; full value of the federal Production Tax Credit (PTC), which is available for construction of new wind farm projects; and the cost-efficient delivery of the wind generation to customers through the new, dedicated power line.
The Wind Catcher project is subject to approval by utility commissions in Arkansas, Louisiana, Texas and Oklahoma, as well as the Federal Energy Regulatory Commission (FERC).
The agreement in the Louisiana proceeding follows a February 20, 2018, agreement filed in the Arkansas Public Service Commission (APSC) review of the project. Decisions are pending in SWEPCO's applications for approval in Louisiana, Arkansas and Texas, and PSO's application in Oklahoma.
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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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