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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

Italy Approves Montedison Takeover by EdF, Fiat

LCG, July 18, 2001Italenergia, the joint vehicle through which Electricit de France and Fiat are making their hostile bid for Italian utility Montedison, won approval yesterday from Italy's stock market regulator Consob after agreeing to raise their offer to at least the minimum required by takeover rules.

Consob found that Italenergia had acquire shares of Montedison at market prices higher than their hostile offer. Under Italian takeover rules, the minimum bid must be the average of the last 12 months' weighted trading average and the highest price paid in the market.

Because the European Union could derail the deal if it suspends, even temporarily, Italenergia's voting rights on the 52 percent of Montedison it already owns, Consob also insisted that the EdF-Fiat vehicle include a warning in its prospectus that Brussels could examine EdF's role in the bid.

For EdF, the takeover would be is means of entry into the Italian energy market. The EU has expressed displeasure with France and the French utility for foot-dragging on opening their own market while taking advantage of the openness of the markets in other EU countries.

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