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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

Long Island Power Authority Says Its Low on Juice

LCG, Feb. 14, 2001The Long Island Power Authority, a New York State agency, said yesterday there could be "California-style blackouts" this summer unless it has new generation sources in place on the island.

Politicians everywhere are using California to scare their constituents into giving them what they want.

LIPA Chairman Richard Kessel, speaking to the Hauppauge Industrial Association, said "Over the next five years, Long Island will need at least 500 megawatts of new electricity resources from a combination of on- and off-island sources just to keep up with demand." He added the Authority was considering buying power plants belonging to KeySpan Corp.

KeySpan was formed in 1998 by the merger of Brooklyn Union Gas Co. and part of Long Island Lighting Co. LIPA has a 15-year contract with KeySpan for all of the generation from the former Lilco plants.

"Our long-term energy supply agreement has proven to be very beneficial to our customers," Kessel admitted. "But in assessing the far-reaching consequences of the California crises, LIPA needs to takea hard look at evaluating its right to purchase KeySpan's electric generating facilities."

When Long Island Lighting was broken up, LIPA took over its electric distribution system and KeySpan got the company five power plants with a combined capacity of nearly 4,000 megawatts. As part of agreements signed at that time, LIPA has the right to acquire the plants from KeySpan.

Kessel did not say why it would be better for a state agency than a private business to own power plants.

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