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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

AEP to Buy Houston Pipe Line Co. from Enron

LCG, Jan. 12, 2001American Electric Power Co. said yesterday it had signed an agreement for its AEP Energy Services Gas Holding Co. subsidiary to acquire Houston Pipe Line Co. from Enron Corp. through a stock purchase. Financial terms were not disclosed.

Houston Pipe Line owns or leases, and operates, one of the most extensive and flexible natural gas gathering, transportation and storage operations in Texas. Its intrastate system includes more than 4,400 miles of pipe with capacity of approximately 2.4 billion cubic feet per day and the operation of one of the largest storage facilities in North America with a capacity of approximately 118 billion cubic feet and significant injection and withdrawal capacity.

Paul Addis, an AEP executive vice president, said the deal "will enhance AEP's natural gas business with its multiple connections into the production areas of Texas, its numerous interconnects with intrastate and interstate pipelines, and its position in and around Houston as a premier provider of natural gas."

AEP said the transaction should close before summer, The deal requires certain regulatory approvals and is subject to an anti-trust waiting period.

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