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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.

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Industry News

12 Jet Engines to Produce 300 Megawatts Near Chicago

LCG, July 6, 2000--Imagine a dozen large jet engines in one building -- jet engines like the ones that power a Boeing 747 -- all running at full power and spinning the generators that provide 300 megawatts of electricity.Constellation Power Source Inc., an affiliate of Baltimore Gas & Electric Co., said yesterday that it has begun clearing a site in University Park, Ill., 30 miles south of Chicago, for a merchant power plant that will use 12 Pratt & Whitney natural gas-fired combustion turbines to produce 300 megawatts of peaking power. Thats 25 megawatts of power per combustion turbine.Twenty-five megawatts is the equivalent of about 33,500 horsepower.The Pratt & Whitney jet engines used in Boeing 747s produce about 55,000 pounds of thrust on take-off, which is the equivalent of around 34,100 horsepower.The new plant, to be operated by an ad hoc subsidiary of Constellation Power Source named University Park Energy LLC, is expected to begin commercial operations by the summer of next year, the company said.Construction of this plant in University Park marks another important step for us because there is a growing consumer demand for power during peak periods of usage in the Midwest, saidConstellation Power Source president Charles W. Shivery. It makes good strategic sense for us tocontrol the output of power in this important market.Plant manager Todd R. Jaffe said the plant would sell its output into the wholesale Chicago power market where capacity of electricity has fallen to critical levels.Throughout the planning and permitting phases, our power plant project had solid support from the managers of University Park who are seeking environmentally friendly industrial businesses tosupport the needs of the residential community, Jaffe added.
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