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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

Alabama PSC Approves Mix of Natural Gas Resource Additions for Southern Company

LCG, June 12, 2020--The Alabama Public Service Commission (PSC) voted unanimously on Tuesday to authorize Southern Company to buy, build or contract for nearly 2 GW of natural gas resources to meet resiliency needs.

Alabama Power, a Southern Company subsidiary, had previously announced that it will switch from a summer-peaking to a winter-peaking system. It had also proposed new solar installations, energy efficiency, as well as natural gas additions.

Alabama Power‘s proposed gas expansion plan includes (i) the purchase of an Autauga County gas-fired power plant with a 915 MW winter capacity, (ii) the installation of 726-MW combined cycle facility at the Barry Electric Generating Plant, and (iii) completion of a power purchase agreement (PPA) in 2020 for the entire capacity of the combined cycle Hog Bayou Energy Center, which has a winter capacity of 238 MW and is located in Mobile. The new energy facility at the Barry Steam Plant (which currently includes both coal-fired and natural gas-fired units) is expected to be on-line in November 2023.

The PSC approved 200 MW of programs to increase energy efficiency and mitigate peak energy usage. The PSC did not approve five proposed solar facilities with battery storage, which would have totaled 400 MW. These resource additions are expected to be considered in a separate docket focused on procurements. The PSC still must issue a final order on the resiliency plan.
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