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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

Storm Leaves Thousands Without Power

LCG, Feb. 1, 2002--A severe winter storm that battered the Midwestern Plains on Wednesday continued eastward, lasting through Friday, leaving effects that remain serious and widespread.

Snow, ice and freezing rain together caused power lines to break or topple, resulting in power outages that affected thousands Friday, in Missouri (145,000), Oklahoma (255,000), Michigan (184,000 homes), Indiana (63,000 homes), and Ohio (47,000 homes).

In Oklahoma, most of those without power were outside the metropolitan areas, and officials there said that days might pass before electricity would be restored for all of those customers. Ice contributed to the most severe storm in Oklahoma of the past 100 years. Although 270,000 customers were without power in Kansas City Thursday, power was restored to less than half by mid-day Friday.

Record snowfall fell in cities in Michigan and Wisconsin. Twenty deaths were attributed to the storm through a broad swath of midwestern states, and in New York. Air traffic resumed today at Kansas City International, and at O'Hare and Midway airports, while countless businesses and schools remain closed.

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