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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

Conectiv Getting Out of the Plumbing Business

LCG, Oct. 11, 2000--Conectiv Inc. said yesterday that it has sold a division of Conectiv Services located in southern Delaware and eastern Maryland to its employees for an undisclosed sum. The business sold is a plumbing, heating and cooling contractor in both the residential and commercial markets.

Howard E. Cosgrove, chief executive of Conectiv, said "The proceeds will be redeployed into our core business." The company, the product of the merger between Delmarva Power & Light Co. and Atlantic Electric Co., was once an electric utility. It now sees itself as an operator of peaking power plants.

Cosgrove said "Conectiv is making steady progress towards our goal of establishing a leadingposition in the mid-merit generation market within the PJM power pool. Combined with our powerdelivery business, this strategy will allow us to meet the region's growing need for power in a mannerthat creates growth and value for shareholders."

"Mid-merit" means plants that can be started quickly when the price of power is high and shut off when the price begins to drop.

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