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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

CMS to Sell Transmission System to Trans-Elect

LCG, Oct. 26, 2001--CMS Energy Corp. said yesterday that is would sell the electric transmission system owned by its subsidiary, Consumers Energy Co., to Trans-Elect of Washington, an independent transmission company.

According to CMS, the deal is the first outright sale of a major utility's electric transmission system to an independent transmission company. Trans-Elect will pay CMS about $290 million for the wires.

In selling its transmission assets, Dearborn, Mich.-based CMS is complying with Michigan's electric restructuring law which requires the state's major electric utilities to either divest their electric transmission systems or turn over operating control to an independent entity by December 31, 2001.

"Sale of the electric transmission system will allow for complete independence of ownership and operations, consistent with the intent of Michigan's electric restructuring law," said David W. Joos, CMS president and chief operating officer.

CMS said Consumers Energy's electric customers will see no change in their electric bills as a result of the sale, or any change in electric service reliability.

Joos said proceeds of the sale will be used to improve the company's balance sheet. The deal is subject to regulatory approval, but could be completed by the first quarter of next year.

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