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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

Review Process Begins for Proposed California Plant

LCG, Sept. 26, 2001--After completing a two and one-half-year review process that led to approval Monday for a 600 megawatt power plant to be built in San Jose, the California Energy Commission will take up the application by the City of Burbank to build a 240 megawatt addition to its generating facility.

The Energy Commission voted yesterday to accept the "data adequacy" of the licensing application submitted by the Burbank Department of Water & Power, which will allow the public process to begin for the city's application to build the Magnolia Power Project.

Ronald E. Davis, general manager of the Department of Water & Power, said the commission's decision on the licensing application's completeness is the first major step toward construction of the natural gas-fueled, combined-cycle unit to provide electricity for Burbank and six other participating cities.

"The CEC action begins a 45-day period when the CEC staff will hold an informational hearing and site visit in Burbank as the initial opportunity for public input on project plans," Davis said. "Additional public hearings will be held before the CEC considers final approval for construction in 2002."

"We are hopeful that (Magnolia) can become one of the first power projects to take advantage of a new, six-month licensing process approved by the California Legislature last year," Davis said. "This will help speed construction and allow (the plant) to increase energy availability and reliability for each participating city at very competitive costs."

The cities of Anaheim, Cerritos, Colton, Glendale, Pasadena and San Marcos have joined Burbank in the licensing process being sponsored by the Southern California Public Power Authority, a joint powers agency for 13 Southern California local governments.

Project officials hope to have the magnolia plant on-line by mid-2004.

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