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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

Davis Names Aide to California Public Utilities Commission

LCG, Jan. 4, 2001California Gov. Gray Davis yesterday appointed John Stevens, his leading advisor over the past six months on energy matters, to the state Public utilities Commission, the regulatory body set to vote today on a rate increase for the state's two largest electric utilities.

The appointment gives the Democrat governor a three-to-two majority on the panel, which is headed by Davis appointee Loretta Lynch.

The appointment of Stevens could be bad news for Pacific Gas & Electric Co. and Southern California Edison Co., both of which say they will run out of money within a month if they are not allowed to charge customers the full price paid for electricity delivered to them

For more than six months, the utilities have been paying up to $1.50 per kilowatt-hour for electricity they are forced to sell to consumers for a nickel per kilowatt-hour. They say those customers now owe them close to $9 billion.

Stevens, along with Lynch and Carl Wood, a third Davis appointee, are expected to take the populist course and allow the utilities to add a penny to what they charge for a kilowatt-hour of electricity.

According to Wall Street, that will not save the companies from insolvency.

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