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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

Mitsubishi Subsidiary Seeks to Build Nevada Plant

LCG, Mar. 4, 2002--Diamond Generating, a subsidiary of Mitsubishi, the Japanese conglomerate, hopes to build a gas-fired generating plant near Goodsprings, Nevada, starting in early 2003.

While many US-based power developers have scaled back the number of projects they are actively pursuing due to a drop in power prices and lender concerns over some power producers' high levels of debt, Bill Davis, director of development of Diamond Generating, said, "there is still an increase in electric load requirements (in the western United States)." The plant would be named Ivanpah Energy Center, and would have a capacity of 500 megawatts.

The plant, which would be dry-cooled, would utilize 30 to 50 acre feet of water for cooling annually, from partially treated gray water generated by the Southern Desert Correctional Center in Jean. A typical dry-cooled plant requires 250 to 300 acre feet. The land on which Ivanpah would be built would be leased from the Bureau of Land Management.

A series of public meetings are scheduled concerning the plant. If the plant receives all required approvals, Diamond hopes to start operations by March 2005.
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