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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

Mirant Buys Half of Avista Oregon Power Project

LCG, Oct. 24, 2001--Mirant Corp. and Avista Corp. announced separately this morning that they had signed a letter of intent for Mirant to acquire a 50 percent interest in a 280 megawatt power project being developed by Avista near Boardman, Ore.

The Coyote Springs 2 power project is currently under construction and is expected to begin commercial operation next summer. The natural gas-fueled, combined-cycle will be connected to the Bonneville Power Administration's transmission system.

Mirant said the reason for its investment was to expand its generation capacity in the pacific northwest, while Avista said the sale was to save money, though precise financial details were not disclosed.

The two companies will share equally in the costs of construction and operation of the plant and will jointly own the project. They also will share equally in the marketing of the plant's output.

Avista said it has already spent about $140 million on the facility, which has an estimated total cost of between $180 million and $190 million. The company is making an effort to reduce capital expenditures by more than $50 million by the end of next year.

The companies said the deal is expected to close by the end of this year.

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