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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

Enron Sees India Regulator's Ruling as Legal Wedge

LCG, Sept. 27, 2001--Earlier this month, the relatively new Indian power regulator, the Maharashtra Electricity Regulatory Commission, ruled that is does not have jurisdiction over power purchase agreements entered into before the commission was set up in 1999.

Now, Enron Corp., which is involved in a bitter dispute with the Maharashtra State Electricity Board over agreements entered into in 1993 and amended in 1995, sees that September 14 decision as a legal wedge that could keep the regulatory commission from interfering in the dispute between the MSEB and Enron's Dabhol Power Co.

"The recent reports that MERC may be taking different positions on questions relating to other independent power producers are troubling and we're hoping for a just and equitable resolution," Enron India spokesman John Ambler said.

The state of Maharashtra high court in Bombay was scheduled today to talk to the three commissioners of the regulatory commission to determine whether they were biased against Enron. One of the commissioners, Jayant Deo, has made several statement indicating bias, according to lawyers for Dabhol, and in 1994 -- five years before the commission was formed -- flayed the Dabhol power purchase agreement as "patently illegal."

"We're very interested in the court's continuing consideration of questions relating to potential bias by the MERC commissioners," Ambler said. "The current disputes that are before the court are particularly significant because they'll demonstrate our ability to rely on the Indian judicial system for dispute resolution."

Enron, which owns 65 percent of Dabhol, along with General Electric Co. and Bechtel Enterprises, which each have a 10 percent stake and non-Indian lenders to the 2,184 megawatt project, want to get the matter before the International Court of Arbitration in London, which is where the contract says disputes between Dabhol and the MSEB are to be resolved.

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