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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

PG&E Unit Buys 16,000 Megawatts of Turbines

LCG, Sept. 12, 2000The National Energy Group unit of PG&E Corp. said yesterday it had signed contracts with manufacturers for 50 turbines representing about 16,000 megawatts of electric generation.

The PG&E unit will buy 23 turbines from GE Power Systems, 21 from Mitsubishi Heavy Industries and six from Siemens Westinghouse. The company said the turbines would be used around the U.S. in new power plant projects. Delivery of the turbines is scheduled through 2004.

"These purchase agreements indicate our dedication to our overall growth strategy," said ThomasG. Boren president and chief executive officer of PG&E National Energy Group. "With a substantialturbine procurement program, our commitments to satisfying regional energy needs and meeting ourdevelopment goals are well underway."

Boren said the company was "greatly diversifying" its presence around the U.S. "As we strengthen our foothold nationally with projects to meet critical market needs, we achieve a three-way win: value for our shareholders, confidence for our customers, and reliability for consumers," he said.

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