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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

Likely Buyer of Enron's India Unit Lowers Its Offer Price

LCG, Jan. 23, 2002--Following Enron's initiation of bankruptcy proceedings, BG Group has lowered its offer for stakes in Indian oil and gas fields, and the associated exploration business owned by the embattled company.

BG Group, a U.K.-based integrated gas company, first made an offer of $388 million in October, but has revised what it is willing to pay downward in negotiations, to $350 million. The deal is still being developed.

The assets in question include the Tapti gas field and the Panna/Mukta oil and gas field, which together yield 70 million cubic feet of gas and 8,200 barrels of oil per day.

Another, Indian owner, Oil and Natural Gas Corporation, which has a 40 percent interest (Enron has 30 percent), has sought to prevent BG Group from taking ownership. No progress has been made between BG Group and ONGC in negotiating a compromise regarding ownership and operatorship, which ONGC wants to take over from Enron. The third owner, also Indian, is Reliance Industries.

The creditors' committee in Enron's bankruptcy filing has so far not raised any objections to the terms being discussed, which will also require approval by the bankruptcy court.

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