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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

El Paso Will Test Killer Pipeline in New Mexico

LCG, March 12, 2001El Paso Energy Corp. said Friday its natural gas pipeline subsidiary would begin testing this week the durability of a pipeline that exploded near Carlsbad, N.M., last August killing all 12 members of two families who were camped near the spot where the line ruptured.

The South Mainline, a major link in El Paso Natural Gas Pipeline Co.'s tie to Southern California, was repaired following the explosion but has been limited in the amount of gas it has been allowed to carry. Federal restrictions reduce throughput on the line by 200 million cubic feet per day from its 1.1 billion cubic feet per day capacity.

Energy experts have cited the reduction as one reason for the jump in natural gas prices at the Southern California Border delivery point, and the high prices are in turn partly responsible for the high cost of electricity in California. Two hundred million cubic feet per day is enough gas to generate 1,000 megawatts of power.

Kim Wallace, a spokeswoman for El Paso Energy, said the two-day test would require cutting flow by another 300 million cubic feet per day. "Obviously there is high gas demand in California, and we want to do this in a way that minimizes the impact," she said.

Following the test, results will be submitted to the Office of Pipeline Safety, an arm of the U.S. Department of Transportation, which will determine whether the pipeline can be brought back to full capacity. "If OPS says no additional repairs are needed, then there isn't anything more that we know of that would be needed," Wallace said.

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