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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

Southern Unit Plans 320 Megawatts for Virginia

LCG, Feb. 13, 2001Mirant Corp., the former Southern Energy and still a subsidiary of The Southern Co., said yesterday it wants to build a 320 megawatt natural gas-fired power plant in Danville, Va.

The proposed facility would consist of four 80 megawatt simple-cycle units that could be expanded to 870 megawatts total output with the addition of heat recovery steam generators and conversion to combined-cycle operation.

Rick Pershing, chief executive officer of Mirant Americas, said "The Danville area needs new plants, and these gas-fueled turbines represent one of the cleanest ways to make electricity on a commercial scale."

Danville Mayor John Hamlin was enthusiastic. "This investment would create a myriad of benefits for Danville's future -- significant new tax revenue, high quality jobs, economic diversification, electric generation capacity, natural gas capacity," he said.

Mirant said the plant would initially be a peaking facility, meaning it would be used only during periods of great demand when the electricity produced would fetch the highest prices. Conversion to a combined-cycle configuration would occur if the company determines that the power plant is needed for its day-to-day electricity production needs.

The new facility would be built on about 67 acres in a Danville industrial park. Depending on receipt of state and local permits, Mirant expects commercial operation to begin in 2003 or 2004.

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