EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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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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Industry News

Dynegy Completes Buy of Two New York Power Plants

LCG, Jan. 31, 2001Dynegy Inc. said yesterday it had completed the purchase of two New York power plants with a combined capacity of 1,700 megawatts. Central Hudson Gas & Electric Co. was the principal seller.

Dynegy bought the 500 megawatt natural gas-fueled Danskammer plant outright from Central Hudson and the 1,200 megawatt Roseton plant, which can burn either gas or fuel oil, from Central Hudson which owned 35 percent of the facility and its co-owners, Niagara Mohawk Power Corp. which owned 25 percent and Consolidated Edison Co. of New York which had a 40 percent interest.

Central Hudson said the sale price for both plants was $903 million and estimated its share of the sale, after recovery of taxes and undepreciated book costs, is approximately $296 million.

Central Hudson said it had contracted with Dynegy for a portion of the output of the plants, but cautioned that it was no longer the controlling factor in the price of power sold to its retail customers.

"Though we have contracted to purchase a portion of the output from the Roseton and Danskammer plants to stabilize bills for the next few years, we don't have the ability to control electricity supply costs in the long term because we no longer own large generation plants. In the future, the market will determine prices," warned Paul J. Ganci, chief executive of Central Hudson's parent holding company.

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