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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

PPL Moves Ahead on Some New Generation

LCG, Jan. 8, 2002--PPL Corp., which announced Friday that it will cancel six new power plants in Pennsylvania and Washington state, said yesterday that it had begun commercial operations with two of the five natural gas-fired turbines in service at the 225 megawatt Wallingford power plant in Connecticut.

Two additional turbines will be connected to the regional grid in about a week, the company said. When complete, the plant will be operated in simple-cycle as a peaking facility, producing its power at periods of highest demand (and prices).

In announcing last week the cancellation of $1.3 billion worth of projects, PPL cited falling wholesale power prices as the main reason for the cutbacks.

Also in the Northeast, PPL is building a 600 megawatt combined cycle, natural gas-fired power plant in Lower Mount Bethel Township in eastern Pennsylvania. That facility is scheduled to go on line in 2003.

In New York, the company plans to begin construction of a 300 megawatt natural gas-fired power plant in the Kings Park section of Smithtown on Long Island next year and expects the facility to be operational in the summer of 2003.

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