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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

Florida Power Plans 530 Megawatt Addition

LCG, July 25, 2000--Florida Power Corp. filed a site certification application yesterday with the Florida Department of Environmental Protection, seeking approval to locate a second 530-megawatt power plant at its Hines Energy Complex, about halfway between Tampa and Orlando.

The company said it would also file a petition for determination of need with the Florida Public Service Commission.

Florida Power said the new unit, which would be known as Hines 2, would help meet the needs of the company's growing customer base in Florida. If approved by the FPSC, construction of would begin next year, with commercial operation scheduled for the end of 2003.

When Florida Power first began talking about the new plant, the Public Service Commission told it to get competitive bids, which the company sought by putting out a request for proposals. Two companies responded in January and, after looking over the bids, Florida power decided it could do the job cheaper itself. Of course, the bidders plants would require real estate.

Joe Richardson, president of Florida Power, said the Hines 2 solution is clearly "the most cost-effective option for our customers. It makes the most sense because we already have a facility that is well suited to accommodate up to 3,000 megawatts of generating capacity, much of the infrastructure is in place to support the additional plant, and our existing staff will be able to run and maintain both units."

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