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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

Edison International Unit Buys Texaco Power Project

LCG, Nov. 22, 2000--Edison Mission Energy said yesterday it had purchased from Texaco Power and Gasification for an undisclosed sum the rights to the Sunrise Power Project, a proposed power plant to be located in Kern County, Calif.

The facility will be constructed in two phases, with a 320 megawatt natural gas-fired simple-cycle peaking plant scheduled to be in service next summer. During the second phase, which will take another two years, the plant will be converted to combined-cycle operation and its output boosted to 560 megawatts.

John E. Bryson, chairman and chief executive of parent company Edison International Inc. said "After months of negotiations, we have finalized an agreement on a critical new project that will bring asignificant amount of new peaking power to the state as soon as next August -- a time when it will besorely needed."

Edison said it hopes to have approvals in hand in time to begin construction by December 7, a date that already lives in infamy for another reason but there's no reason not to add one more.

Edison said final regulatory approvals should be received "shortly" for the first phase, but a decision by the California Energy Commission may not be that imminent. The agency has scheduled hearings on December 4 and 6 in Sacramento on the "revised presiding member's proposed decision" for Sunrise. It will also be an evidentiary hearing with the public invited.

The commission ought to be getting close, however. It has been thinking about Sunrise for two years.

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