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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

Generators Say Refund Hearings a 'Show Trial'

LCG, Sept. 5, 2001--Federal hearings into possible refunds owed to Pacific Northwest utilities by independent power producers were branded yesterday as a "show trial" by generators, who denied they had overcharges for electricity sales to utilities in the region.

Puget Sound Energy Co., the cities of Seattle and Tacoma, and many other municipal utilities have banded together to demand about $1.5 billion in refunds from power purchases made earlier this year as a long drought severely cut available hydroelectric power in a region dependent on its rivers for plentiful electricity.

Carmen Cintron, an administrative law judge for the Federal Energy Regulatory Commission, this week began several days of hearings on the possible refunds. The case is separate from a similar one in which California is demanding $8.9 billion in refunds.

Dan Waitkiss, a lawyer representing the power producers, said "We overcharged no one." His clients include Enron Corp., Arizona Public Service Co. and Idacorp Inc, parent holding company for Idaho Power Co., among others.

Waitkiss complained that his clients were not given sufficient time to prepare for the hearings. "This is really being reduced to a show trial," he said.

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