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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

MidAmerican Energy's Wind XII Project Approved

LCG, December 6, 2018--The Iowa Utilities Board (IUB) on Tuesday approved MidAmerican Energy Company's proposed Wind XII project. With the approval, the company is poised to install up to 591 MW of new wind turbines to add to electric generating capacity in Iowa. The project is scheduled to be completed in 2021, and the estimated construction cost of the project is $922 million.

The order by the IUB states that MidAmerican has satisfied conditions in Iowa Code for advance ratemaking principles associated with the project. In the settlement agreement, the ratemaking principles approved establish a cost cap. The agreement includes an allowed return on the common equity portion of Wind XII that will be included in Iowa electric rate base at 11 percent.

MidAmerican filed its Wind XII request for advance ratemaking principles with the Board on May 30, 2018.
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