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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

New Jersey Regulators Extend First Energy, GPU Talks

LCG, June 25, 2001Hearings before a New Jersey Board of Public Utilities administrative law judge, aimed at arriving at a settlement of regulatory concerns about plans by First Energy Corp. to acquire GPU Inc., have been extended until July 9, GPU said Friday.

GPU said the judge has asked partied to the talks to continue their discussions, noting that the extension will postpone a decision that the judge had scheduled for June 29.

If First Energy is allowed to acquire GPU, the $4.5 billion merger will create an electric utility serving 4.2 million customers in a service territory stretching from the western edge of Lake Erie to the Jersey shore.

Energy analysts were not surprised by the delay, saying that they expected the law judge wanted to hear more from First Energy on the merger. The Ohio utility has disappointed the Board staff and the New Jersey Ratepayer Advocate by its lack of candor, one said.

A big reason for the delay could be GPU's request of New Jersey regulators that it be allowed to employ deferred accounting to cover power purchase costs that it cannot recover under New Jersey's rate cap.

Last Week, Pennsylvania approved such accounting, leaving only New Jersey and the U.S. Securities and Exchange Commission as bodies from which approvals for the merger are needed.

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