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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

Reliant Takes Over Duke's Florida Power Project

LCG, June 12, 2001Reliant Resources Inc., a subsidiary of Houston-based Reliant Energy Inc., said yesterday it had taken over from Duke Energy Corp. the development of a 500 megawatt power plant in New Smyrna Beach, Fla.

In August 1998, Duke announced that it would build the merchant plant in conjunction with the Utilities Commission of New Smyrna Beach, conforming to Florida law which bans non-utility power plants unless built in partnership with municipal utilities. In March 1999, the Florida Public Service Commission gave Duke permission to build the plant.

But Florida's investor-owned utilities didn't want an out-of-state company building power plants on their turf, and brought suit to block the plant in the state's highly parochial Supreme Court. In April 2000, the Florida high court sided with the utilities, banning the project on a 6-1 vote.

Duke recently terminated its agreement with the New Smyrna Beach municipal utility, and Reliant has stepped in to take on the project.

"Florida is a key market for us, and the New Smyrna Beach Power Project represents another step in our strategy to meet demand for electricity in one of the fastest-growing areas of the country," saidCurtis Morgan, president of Reliant Resources Eastern Region.

"We are excited about the prospects of working with the City of New Smyrna Beach and other Florida load-serving entities on this project," he added. "We believe that this additional base-load capacity will be well received by the local wholesale market."

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