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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

Rising Costs Hit Silicon Valley Transmission Upgrades

LCG, Aug. 15, 2001--Transmission constraints could replace insufficiency of power supply as the next electrical problem for California's Silicon Valley, as rising costs threaten to disrupt plans by Pacific Gas & Electric Co. to provide badly needed improvements to serve the area.

The problem could be felt as early as next summer, according to a draft decision by California Public Utilities Commission administrative law judge Sarah Thomas.

In 1999, PG&E proposed to build a 7.3-mile 230 kilovolt transmission line, a new power switching station, and upgrade other facilities serving Silicon Valley, the high-tech corridor south of San Francisco.

But now, new requirements that the wires be placed underground with cable that has to be ordered from France, and rising land costs have boosted the estimated cost from $77 million to $182 million, a big jump for a bankrupt utility.

"The record of the need for the new facilities reflects that the current transmission capacity will beinsufficient to meet demand as early as summer 2002, and it will take PG&E some time to build theproject," Thomas said yesterday.

A spokesman for PG&E said the project now looks like it could be completed by summer of 2003, at the earliest.

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