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News
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LCG, May 19, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a long-term Power Purchase Agreement (PPA) with Puget Sound Energy (PSE) for the 199.5-MW Big Horn I wind project in Klickitat County, Washington. This agreement represents the fourth PPA executed by the two companies for projects in the Pacific Northwest.
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LCG, May 18, 2026--The U.S. Secretary of Energy today issued an emergency order to address critical grid reliability issues in the Midwest anticipated this summer. The order is in effect beginning on May 19, 2026, through August 16, 2026. The emergency order directs the Midcontinent Independent System Operator (MISO), in coordination with Consumers Energy, to ensure that the J.H. Campbell coal-fired power plant (Campbell Plant) in West Olive, Michigan shall take all steps necessary to remain available to operate and to minimize costs for the region.
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Industry News
Red Oak Power Facility in PJM to be Acquired by Strategic Value Partners
LCG, July 9, 2025--Strategic Value Partners, LLC (together with its affiliates, SVP) yesterday announced that its managed funds (the "SVP Funds") have agreed to acquire Red Oak Power, an 831-MW natural gas-fired combined-cycle power generation facility located in Sayreville, New Jersey.
Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), its private infrastructure investment platform, entered into the agreement to sell its ownership stake in the Red Oak Power facility to SVP.
Red Oak Power commenced commercial operations in March 2002. The facility includes Siemens 501FD3 gas turbine technology. The combined-cycle plant is a significant power generator to customers in New Jersey and greater PJM Interconnection region.
SVP Funds made this investment in Red Oak as part of the strategic partnership SVP formed in 2024 with EverGen Power ("EverGen"), a power generation acquisition and asset management firm established to support SVP with power generation investments across North America.
"Red Oak is a critical asset, located in a high-power demand area that we expect to continue to see accelerated growth from AI-driven data center development and the broader electrification of the economy. Its proven and efficient technology makes it well-positioned to continue to provide low-cost, reliable power to the Northeast," said the Co-CEO of EverGen.
"We are excited to partner with SVP on this investment as we expand our presence in PJM. We look forward to the continued optimization of the operational and commercial performance of this important facility," added EverGen's other Co-CEO.
The Head of North American Corporate Investments at SVP stated, "With the benefit of EverGen's and SVP's industry expertise, we were able to move quickly and provide deal certainty on an expedited timeline. We have worked closely with the members of the EverGen leadership team for many years, including in the underwriting, restructuring and operation of GenOn, a 12 GW merchant fleet, in 2018, and the sourcing and acquisition of a managing stake in Birdsboro Power, another merchant CCGT in PJM, earlier this year."
MSIM acquired the facility in 2017 from Cogentrix, an affiliate of The Carlyle Group, and managed the facility through its power asset management platform. The Carlyle Group acquired the facility from Energy Capital Partners (ECP) in November 2013, and ECP acquired the facility from a subsidiary of The AES Corporation in April 2012.
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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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