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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

FPL, Coastal Begin Building 535 Megawatt Texas Plant

LCG, Jan. 18, 2001FPL Energy said yesterday that construction has begun on a 535 megawatt natural gas-fueled power plant near Austin, Texas. The facility will be jointly owned by FPL and Coastal Power Co. and FPL will operate it.

But those distinctions will not matter in a month or so, as the parent companies for both parties expect to complete their merger. FPL Group Inc., which also owns Florida Power & Light Co., and The Coastal Corp. announced a year ago today their plans to merge and expect to complete the deal within weeks.

The new power plant, which will be called the Bastrop Energy Center, is located adjacent to the transmission systems of the Lower Colorado River Authority and Austin Energy. The Texas Colorado River is not the same one that flows through the Grand Canyon.

The companies said they expect to complete construction of the new plant in the spring of next year.

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