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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

U.S. Senate Boosts Bush Energy Plan

LCG, July 13, 2001The Senate yesterday gave a boost to President Bush's energy program when it upheld a decision to allow new drilling for natural gas in the eastern Gulf of Mexico.

By a wide margin that surprised many, the Senate turned back an attempt by Florida to block new gas and oil leases in the Gulf. The vote was 67-33 in favor of the new leases.

"This vote shows that bipartisan consensus can be reached on a plan to address America's energy needs," said White House press secretary Air Feistier.

All 49 Republicans voted against any delay in the lease sales, as did 18 Democrats, including moderates such as Sens. Hillary Clinton and Charles Shimmer of New York, and Sen. Jeff Binyamin, R-N.M., whose Energy and Natural Resources Committee is crafting a broader energy bill.

In the House of Representatives, the Energy and Commerce Committee debated amendments as the panel neared completion of a scaled-back energy bill.

A subcommittee rejected efforts by Rep. Edward Markey, D-Mass., who sought to include provisions that would require fuel economy for cars and sport utility vehicles of up to a 40 miles per gallon average over the next 16 years and an effort to require the Bush administration to reinstate an air conditioner efficiency standard that had been approved by the Clinton administration, but scuttled by the current Energy Department.

Yesterday's Senate vote "reinforces the bipartisan consensus" over the compromise adopted on the lease sales, said Interior Secretary Gale Norton, calling it "a victory for all Americans who want to see environmentally responsible energy production."

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