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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

Minnesota Power Announces 225 Megawatt Cogen

LCG, Aug. 16, 2001--Minnesota Power & Light Co. said this morning it and Blandin Paper Co. are planning a 225 megawatt cogeneration plant adjacent to Blandin Paper in Grand Rapids, Minn.

Minnesota Power said its subsidiary Rainy River Energy Corp. will own 71.5 percent of a new company, Rapids Power LLC, and Blandin Paper Co. will own 28.5 percent. The project is expected to cost more than $200 million.

Although Minnesota power used the phrase "state-of-the-art" freely in its news release, the plant will burn about 40 percent wood chips and 60 percent coal. It will meet all of the paper company's steam requirements and sell power into the regional wholesale market.

Blandin, a leading producer of lightweight coated stock for magazines and catalogs, uses lots of steam to heat its calenders, big, polished steel rollers which dry the paper web and impart a gloss. The paper company is owned by Helsinki, Finland-based UPM-Kymmene, the largest manufacturer of magazine papers and third-largest paper producer in the world.

"We are very excited about this joint venture arrangement with UPM-Kymmene," said BobEdwards, president of Minnesota Power. "It will benefit both our companies, as well as the state andregion."

Raimo Malkki, a senior vice president of Blandin Paper, said "We are pleased that this newfacility will not only modernize our steam supply, but also help sustain our long-term viability andsuccess."

Permit applications will be filed in September, Minnesota Power said. With timely approvals, construction would begin in the fall of next year with commercial operation beginning in mid-2005.

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