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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

Con Edison Faces State Challenge over Electric Rates

LCG, Aug. 24, 2000--New York State Attorney General Eliot Spitzer said in a brief statement this morning that he has filed an action against Consolidated Edison Inc. challenging the rates charged by its utility subsidiary for electricity this summer.

Alleging that Consolidated Edison Co. of New Yorks electricity prices this summer are about 30 percent higher than they were last summer, Spitzer said he wants to force the utility to roll back prices to last years level.

Con Edison has admitted that some $22 million of the extra money it has collected has been spent on replacement power for that lost by the shutdown in February of its Indian Point 2 nuclear power plant. Last week, the utility filed suit in the U.S. District Court for the Northern District of New York seeking an injunction against enforcement of a law that would prevent recovery from ratepayers of the $22 million.

Spitzers statement did not disclose the nature of his "action" or the venue in which it was filed. Those and other details will be provided at a news conference in his New York City office, the statement said.

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