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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

SoCal Edison Cuts 1,450 More Jobs

LCG, Jan 8, 2001Southern California Edison Co. said late Friday that it planned to eliminate 1,450 jobs over the next few months, over and above the 400 layoffs it announced in late December. Together, the cuts amount to about 15 percent of the utility's workforce.

The layoffs are part of an emergency plan to reduce expenditures in 2001 by close to a half-billion dollars.

In a news release, SoCal Edison said the austerity program "will affect virtually every operation of the company, including a $100 million reduction in spending this year for electric system operations, maintenance and new investments. One outcome from this is that electric system components will be replaced only after they fail or are judged likely to fail soon."

The affected workers will know whom to thank. Patrick Lavin of the International Brotherhood of Electrical Workers, Local 47, said the company told the union in a letter that "Workforce reductions will be included as a result of the too-little, too-late" one cent per kilowatt-hour rate increase granted last Thursday be the California Public Utilities Commission.

Lavin Thinks service will suffer as a result of the job cuts. "This is work that isn't going to get done," he said, and SoCal Edison concedes the point but adds that any outages that occur won't be the fault of poor maintenance.

Richard Rosenblum, the company's senior vice president for transmission and distribution, told a radio audience Friday that the penny-ante rate raise allowed by CPUC has increased the likelyhood of outages. "If such outages occur, as many as 20 percent to 40 percent of (our) customers could be without power at any one time," he said.

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