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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

Bankruptcy Court Apprvoes PG&E Transmission Upgrades

LCG, Feb. 12, 2002--Requests made by Pacific Gas and Electric last month for approval of two major transmission projects have been answered in the affirmative by the U.S. Bankruptcy Court.

Due to PG&E's bankrupt status, spending items of over $50 million must be reviewed by the court. The Path 15 upgrade's financing is being overseen by public and private entities, many of which will co-own the lines. PG&E has been allowed to spend up to $75 million for the upgrades, which will join lines connected to the Los Banos and Gates substations.

The other item approved, the Tri-Valley Capacity Upgrade project, will lead to improvements of the California transmission system east of San Francisco. The system is nearing capacity, and serves Dublin, Livermore, Pleasanton and San Ramon, among other communities. These municipalities have granted their own approvals, as has the Official Creditors' Committee. The project will receive as much as $136.9 milion.

The Path 15 upgrade in particular was seen last year as a means of preventing future supply crises in California due to transmission bottlenecks.
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