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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

FPL to Build 160 Megawatt West Texas Wind Farm

LCG, July 20, 2000--TXU Electric & Gas Co. said yesterday it had selected FPL Energy, the independent power production subsidiary of FPL Group Inc., to build a 160 megawatt West Texas wind farm as part of a "green power" requirement in the Texas electric deregulation act.

Costs of the project were not disclosed, nor were federal and state subsidies, or the amount of Texas real estate needed for the wind farm.

FPL Energy will build, own and operate 242 wind turbines in West Texas. Each wind turbine stands 166-feet tall and weighs a total of 143,000 pounds. The fiberglass blades are 76-feet long. Construction is scheduled to begin late this year with the first power deliveries to TXU commencing in the summer of next year.

"This project will be a major addition to our use of wind energy, and it clearly solidifies TXUElectric as a renewable energy leader in America," said Steve Philley, TXU vice president for energy supply. "As one of the largest purchases of wind power in North America, this is a landmarkagreement in the renewable energy industry."

FPL Energy said it currently operates wind farms in five states, with 974 megawatts of capacity and a net FPL Energy ownership of 587 megawatts. The company also owns a 1,000 megawatt gas-fired power plant that occupies a few acres in Paris, Texas.

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