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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

Regulators to Probe Rising CostsFor Silicon Valley Wires Upgrades

LCG, Aug. 24, 2001--The California Public Utilities Commission voted yesterday to hold hearing into the soaring costs that threaten plans by Pacific Gas & Electric Co. to make much-needed improvements to power transmission facilities serving Silicon Valley.

Sarah Thomas, a CPUC administrative law judge, warned earlier this month that the rising costs would delay PG&E's project. She said existing facilities "will be insufficient to meet demand as early as summer 2002, and it will take PG&E some time to build the project."

Silicon Valley, the heart of the U.S. high-tech industry, is a 40-mile stretch of the San Francisco Peninsula, beginning at Palo Alto in the north and extending just beyond San Jose in the south. PG&E has planned improvements which would include a new 7.3 mile, 230 kilovolt transmission line, a new switching station and some other upgrades.

But the company says that a change in the route from its recommendation and a new requirement that the line be underground, with cable that must be ordered from France, have more than doubled the cost of the project to $182 million, a big hit for a utility that finds itself in bankruptcy court.

PG&E faces a similar transmission upgrade in the Tri-Valley area, a region on the east side of the Oakland Hills that has several fast-growing suburbs and a high-tech industry that spilled over from Silicon Valley.

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