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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

PSEG Power Plans 1,186 Megawatt New Jersey Plant

LCG, July 20, 2000--PSEG Power LLC, the independent electric generating and trading subsidiary of Public Service Enterprise Group, said yesterday it will build a new, two-unit, 1,186 megawatt natural-gas fired combined cycle generating facility at its Linden Generating Station, Linden, N.J.

The $590 million project is scheduled for completion in May 2003, at which time three existing oil-fired steam units at Linden with a total capacity of 436 megawatts will be retired.

PSEG Power was established last summer in response to electric industry restructuring in New Jersey. Ownership of the generating assets of sister company Public Service Electric & Gas Co. was transferred to the new firm, which has also acquired power plants from other divesting utilities and is building new generation on its own.

Frank Cassidy, president and chief operating officer said "The Linden project fits PSEG Power's aggressive growth strategy and is in line with our goal of becoming a major competitor in electric generation, wholesale energy sales, and energy trading in a region of the U.S. that extends as far north as Maine, as far south as the Carolinas, and as far west as Ohio."

PSEG Power said it is exploring opportunities to use treated waste water for all or part of cooling water requirements, an innovation pioneered at Bergen Generating Station where it is adding 500 megawatts of gas-fired, combined cycle capacity.

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