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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

Georgia Power Ordered to Cut Rates by $118 Million

LCG, Dec. 21, 2001--The Georgia Public Service Commission said yesterday it has ordered Georgia power Co., a subsidiary of The Southern Co., to reduce its rates by $118 million per year for the next three years.

Georgia Power had earlier asked the commission for permission to raise its rates by $103 million a year for five years.

The commission said its decision is based on its own revenue forecast for the utility coupled with a return on equity of 12.50 percent. If Georgia power earns anywhere between 10 percent and 12.95 percent on equity, it may not ask for a new rate case, the regulators said.

If the company earns more than 12.95 percent on equity, it must share the extra with its customers -- two-thirds for ratepayers, one-third for the utility.

Georgia Power had sought to make the allowable return range from 11 percent to 13.50 percent.

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