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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

Northwest Natural Gas Still Wants Enron's Portland General

LCG, Nov. 29, 2001--Northwest Natural Gas. Co. said this morning that it had filed an application yesterday with Oregon regulators seeking approval of its plans to acquire utility Portland General Electric Co. from disintegrating Enron Corp. for about $2.9 billion.

There were fears yesterday that the acquisition could be a victim of Enron's growing troubles, especially after Standard & Poor's slashed its credit ratings to junk status and Dynegy Inc. walked away from a deal to buy out its larger rival.

But Northwest natural Gas is staying the course. The company's general counsel, Mark Dodson, said yesterday "We remain confident the necessary approvals can be obtained in an expeditious manner."

The application to the Oregon Public Utility Commission was the first in a chain of several such filings. The deal also requires approval by the Washington Utilities and Transportation Commission, the Nuclear Regulatory Commission, the Securities and Exchange Commission, the Federal Energy Regulatory Commission, the Federal Trade Commission and the U.S. Department of Justice.

Northwest Natural Gas agreed on October 8 to acquire PGE, Oregon's largest utility, for $1.8 billion plus about $1.1 billion in assumed debt and preferred stock.

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