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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

US Senators Protest FERC’s El Paso Pipeline Reallocation

LCG, April 15, 2002On Tuesday the Federal Energy Regulatory Commission (FERC) will discuss reallocating El Paso Corp.s pipeline capacity, and, subsequently, four U.S. Senators have written FERC in protest.

FERCs Tuesday conference will address a proposal altering El Pasos current allocation of capacity, which was previously determined in a 1996 agreement.

Shippers complaints regarding capacity limitations on pipelines to Southern California have instigated the conference. In question are two pipelines, capable of carrying 3.3 billion cubic feet per day and connecting the California-Arizona border with production in New Mexico, Texas, and Arizona.

Republican Senators Pete Domenici, NM, Jon Kyl, AZ, Don Nickles, OK, and Larry Craig, ID, sent a letter to FERC Chairman Pat Wood III, contesting the plans on the basis that changes in the pipeline would lead to increased gas prices in New Mexico and Arizona. The two southwestern states are assured of all gas needs according the current contracts, and under the proposed plan they would have to buy on the spot market when demand exceeds the summer demand level.

FERC staff suggested limiting New Mexico and Arizona guaranteed gas supply to the level of their summer demands, which they insist will allow El Pasos system more scope.

El Pasos system is the largest interstate gas supplier to California, and many accuse limitations on capacity for the high prices of natural gas in 200 and 2001.

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