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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

Aquila to Buy NorCal Gas Storage Development

LCG, Aug. 23, 2001--Natural gas firm Aquila Inc. said this morning it has formed a partnership with ArcLight Energy Partners Fund I L.P. to purchase a natural gas storage development company that owns a facility now under construction in energy-short Northern California.

The company, Western Hub Properties L.L.C., a Houston-based natural gas storage development firm, owns the Lodi Gas Storage facility, located about 35 miles south of Sacramento near the farming town of Lodi.

Lodi is where most of the grapes for Tokay wine are grown.

Aquila said that the total cost to purchase and complete construction of the Lodi facility is estimated at approximately $220 million. The acquisition is subject to the approval of the California Public Utilities Commission.

"In the past year it's been clearly demonstrated that California's need for more energy is growing," said Keith Stamm, Aquila's chief executive officer. "Demand for natural gas in this region is expected to increase dramatically as new gas turbine-driven power plants come on line in 2002 and 2003."

Aquila said the facility will have the high-performance, quick-cycle capabilities, will store about 12 billion cubic feet of natural gas, have a planned injection rate of 400 million cubic feet a day and a withdrawal rate of 500 million cubic feet per day. It will be able to cycle its inventory up to six times a year.

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