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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

City's Exit Scrubs Scana Power Plant Plan

LCG, Dec. 20, 2000--Scana Corp. said this morning that the Fayetteville (N.C.) Public Works Commission voted Monday to withdraw from contract negotiations with Scana for the construction and joint ownership of a 500 megawatt electric generating facility.

Steven K. Blanchard, general manager of the Public Works Commission, recommended that Fayetteville withdraw from the negotiations unless Scana assume a greater portion of the potential financial risk in the event that the project could not be completed as scheduled. Company officials said the city should bear its proportionate share of the project's financial risks.

"We indicated to the (Public Works Commission) and City Council our belief that this project could be completed on time and on budget, so we are certainly disappointed in Monday's decision to not go forward," said Berry Gibbes, president of South Carolina Pipeline Corporation, Scana's natural gas transmission subsidiary.

"This project was proposed as a 60-40 partnership from the beginning. Unfortunately, the (commission) took a pessimistic view of the regulatory risk and potential time delays, which in the end,affected their confidence," Gibbes said.

The city and Scana announced the project last month. Fayetteville was to have a 60 percent interest in the plant and Scana 40 percent. Scana was to build a $90 million, 106-mile, 16-inch natural gas pipeline into Fayetteville, to fuel the plant and anything else the city had in mind. Yesterday, Scana got a letter saying the deal was off.

Gibbes said Scana would look around for other opportunities.

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