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News
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LCG, July 24, 2025--The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s plan to accelerate the development of AI infrastructure by using Federal lands to lower energy costs and help power the global AI race, as previously outlined in President Trump’s Executive Orders on Accelerating Federal Permitting of Data Center Infrastructure, Deploying Advanced Nuclear Reactor Technologies for National Security, and Unleashing American Energy.
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LCG, July 22, 2025--Enbridge Inc. (Enbridge) today announced that it has reached a final investment decision on the Clear Fork solar project located near San Antonio, Texas. Meta Platforms, Inc. (Meta), has signed a long-term contract for all of the renewable power generated from the 600-MW project.
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Industry News
Mirant Restating Earnings, Mentions Bankruptcy
LCG, Nov. 8, 2002--The deregulated power developer and energy trader Mirant will file revised financial statements for the second quarter, following the discovery of what it it says are accounting errors, during an audit by its new accountant, KPMG LLP.The company said that a filing for bankruptcy protection is a possibility, dependent on whether or not it is able to refinance its debt. It stated that its amended 10-Q filing, expected in December, will show a $220 million loss, revised from an earlier loss of $152 million. Mirant will also have re-audits of its statements from the years 2001 and 2000 conducted.James Peters, speaking to Dow Jones Newswires, said "Mirant is confident in its business prospects. However, given the fact that we started a re-audit, it's prudent that Mirant cautions its shareholders of risks associated with the re-audit process." Bankruptcy protection would most likely be sought if payments on $4.5 billion in consolidated debt were to have to be accelerated.As parts of KPMG's audit, it found that Mirant's marketing and risk management operations did not properly disclose the nature of the company's positions due to a lack of internal controls and poor coordination between those business units' activities and the general ledger. Mirant is installing a new trading system which it expects will minimize delays in reporting.
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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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