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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

Spain's Hidrocantabrico may go to Portuguese Utility

LCG, Oct. 30, 2001--Government-owned Electricidade de Portugal is expected to gain control of Spanish utility Hidroelectrica del Cantabrico because of its alliance with Cajastur, a Spanish bank which is a major shareholder of Spain's fourth-largest electric company.

Jousting over Hidrocantabrico has been going on for at least three years, since Texas Utilities bought a 5 percent stake in the utility in 1998 "to share knowledge and ideas." One of those ideas turned out to be an acquisition of the rest of the Spanish company. That effort foundered in March of 2000.

Acquisition of Hidrocantabrico is complicated by the company's by-laws, which allow no shareholder more than 10 percent of board votes no matter how large a proportion of common stock is owned. Electricidade de Portugal and Cajastur between them hold a majority of Hidrocantabrico's voting rights, despite controlling just 35 per cent of its shares.

Electricidade de Portugal's rival, Energie Baden-Wurttemberg, a German utility which acquired 60 per cent of Hidrocantabrico last year in association with a Spanish partner, is limited to 10 percent of the board vote and now says it is prepared to accept the Portuguese utility's dominant position.

In exchange for accepting the inevitable, Energie Baden-Wurttemberg says it want to play an active part in Hidrocantabrico management.

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