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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

India's Tata in Talks to Buy Enron's Dabhol Power

LCG, Oct. 15, 2001--India's Tata conglomerate has held "exploratory" talks to take over from Enron Corp. its 65 percent stake in the $2.9 billion, 2,184 megawatt Dabhol power plant in the Indian state of Maharashtra, the Financial Times reported yesterday.

Enron, weary of the difficulty in getting paid for power produced by Dabhol and by constant bickering with the Maharashtra State Electricity Board, its only customer, over terms of a contract signed in the mid-1990s, said in July that it wanted out of India and would accept about $1 billion for its interest in Dabhol.

Tate Power has notified the Indian government expressing interest in Dabhol, which it said would require the removal of significant roadblocks. Among these would be a renegotiation of Dabhol's tariffs and a reduction in the interest rates on Dabhol's debt.

Tata Power is talking about paying Enron about 80 cents on the dollar for its investment in Dabhol, a figure that may not be palatable to the Texas-based company.

Spokesman John Ambler said Enron continued to believe the best and quickest way to solve the problem would be for the Indian government, or one of its Indian financial backers, to take on Dabhol.

The Dabhol Power project is India's largest foreign investment, even though Indian lenders provided $1.4 billion in financing for the plant. About $630 million was provided by foreign institutions.

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