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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

GPU Reaches Settlement in Pennsylvania

LCG, June 13, 2001GPU Inc. said this morning that it has reached a settlement with the Pennsylvania Office of Consumer Advocate and Citizens for Pennsylvania's Future, a consumers group, that could permit the company to resume sale of commercial paper and clear the way for its merger with First Energy Corp.

The Pennsylvania Public Utility Commission is expected to rule on the settlement tomorrow. If the commission approves the deal, GPU will be allowed to defer charges paid for electricity that are in excess of those it is allowed to charge its customers.

The accounting change will permit GPU to return to the commercial paper market, giving the company renewed access to short-term financing. Possible charges against earnings could be offset by application of some transmission and transition charge revenues against the deferred costs.

Another consumers group, Citizen Power, challenged the deal saying it was a rate increase disguised as an accounting change.

Earlier, a Pennsylvania administrative law judge had proposed a $317 million annual rate increase to pay for the power costs.

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