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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

Settlement Reached on Montana Power Power Sale

LCG, Dec. 31, 2001--Montana Power Co. said Friday that it has reached a settlement on issues related to the sale of Montana Power Co.'s electric utility to Northwestern Corp., as well as electric restructuring costs in addition to other matters that will allow the company to become a telecommunications firm.

Among the issues settled between Montana Power, Northwestern, the Montana Consumer Counsel that represents residential and small commercial customers, and the Montana Large Customer Group, was a stipulation for Montana Power and Northwestern to establish a $30 million account that will be used to provide a credit for MPC electric distribution customers.

The subsidy, to be provided for one year beginning July 1, will protect retail customers from the full effect of a 20 percent rate increase, limiting the boost to about 12.8 percent.

"This is a major step in completing the transition of Montana Power from a diversified energy utility into a broadband telecommunications company under Touch America," said Bob Gannon, chief executive officer. "We have received all the necessary approvals except that of the (Montana Public Service Commission), and we expect this settlement will facilitate this last approval."

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