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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 Judge Allows PG&E Lawsuits

LCG, June 19, 2002--Lawsuits under dispute because of PG&E utility's bankruptcy will be allowed to proceed in state court.

California's Attorney General Bill Lockyer, who has been filing energy company lawsuits repeatedly this year, and the city of San Francisco, want to sue PG&E utility's parent corporation, PG&E Corp.

San Francisco and Lockyer both question some $4 billion worth of dividends and stock repurchases which were transferred to the parent corporation between 1997 and April 2001.

The Pacific Gas & Electric utility, which filed for bankruptcy last year, is awaiting a decision by Judge Dennis Montali in order to proceed with reemerging from bankruptcy. The Judge has ruled that creditors to Pacific Gas & Electric will vote on two plans, created by the utility and the California Public Utilities Commission respectively, before making a decision.

Judge Montali has ruled, however, that the two fraud lawsuits brought against PG&E Corp. for alleged illegal business practices should be heard in state court.

While San Francisco wants the allegedly misplaced money to go to ratepayers, Lockyer thinks it should go to the bankrupt utility in order that it pay off its debts.

PG&E Corp. insists that all transactions it participated in were legal and verified by an independent auditor.

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