New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

Read more

Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

Read more

Industry News

CA Supreme Court Upholds Southern California Edison Rates

LCG, August 21, 2003Bringing Southern California Edison v. Lynch to a close, Californias Supreme Court upheld an agreement between the California Public Utilities Commission (PUC) and utility Southern California Edison.

The Utility Reform Network challenged an arrangement that the PUC and Southern California Edison (SCE) made in 2001 regarding increased electricity rates. The PUC allowed SCE to increase rates to retail customers by as much as 40 percent. Through these increased rates Southern California Edison has been able to recover $3.3 billion of what was lost during the energy crisis when wholesale electricity prices were astronomically high.

The San Francisco-based organization insists that the rate increase was made unlawfully since the parties agreed to the rates in secret.

The court ruled 6-to-1 to uphold the agreement between the PUC and Southern California Edison. Its decision verified that the pact fell within Californias energy laws, including those focused on deregulation and public meetings.

In September of last year the U.S. 9th Circuit Court of Appeals sent the case to the California Supreme Court. The ruling validates the PUCs authority to set rates.

Southern California Edison supplies 4.3 million customers, or about 11 million individuals, in Los Angeles County and surrounding counties.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service