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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

CPUC to Ask PG&E Bankruptcy Court to Throw Out Votes

LCG, August 6, 2002-The California Public Utilities Commission will request the bankruptcy court responsible for the PG&E utility to discard votes made by the utility's creditors.

Last year the California utility declared bankruptcy. In order to repay over $13 billion in debts and restore the utility's credit rating, two plans were created. The Public Utilities Commission submitted a plan calling for the utility to remain within state control and pay its debt by way of bonds, stocks, and already available money. PG&E's plan involved splitting up the utility's assets into four parts and transferring three of them out of the state's control as unregulated companies.

Federal Bankruptcy Judge Dennis Montali ruled that creditors to the utility could submit votes as to which plan was favorable. These votes would be taken into consideration when the Judge made his decision.

The state regulators argue, however, that there have been serious and unfair publicity efforts against the PUC's plan.

In any case, creditors' votes are due by August 12.

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