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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

CPUC Has Alternative PG&E Reorganization Plan

LCG, Jan. 9, 2002--PG&E, which has been promoting its reorganization plan in bankruptcy court, now has to contend with a reorganization plan for the utility proposed by the California Public Utilities Commission, the state agency which sets utility rates and oversees states utilities.

Last April, the utility filed for bankruptcy protection in response to its overwhelming debt load and soaring wholesale power prices.

According to the CPUC, if PG&E transfers its generation and transmission assets to its parent company, out of the purview of CPUC regulation, the result could be years of litigation. CPUC hopes that its motion in the PG&E bankruptcy case will come under consideration. Currently, only PG&Es proposal can be considered in the courts. This restriction on other restructuring plans is set to expire Feb. 4, subject to the discretion of Bankruptcy judge Dennis Montali.

The CPUC called PG&Es plan an attempt to "prevent the CPUC from having a meaningful voice" in restructuring. Its plan would pay off the companys short-term debts in their entirety, restoring PG&Es credit rating and financial standing. The CPUC said it would allow PG&E a reasonable rate of return under its rate structure, which could actually drop in 2003.

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