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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

Support Grows for CPUC's PG&E Bankruptcy Plan

LCG, Aug. 23, 2002--Creditors of the bankrupt utility PG&E are backing a proposal by the California Public Utilities Commission that could govern the way in which PG&E emerges from bankruptcy.

U.S. Bankruptcy Judge Dennis Montali is to select either the proposal by the California Public Utilities Commission or PG&E's own plan, on November 12. Under the deal made with the CPUC, creditors would receive payments from PG&E's rates, which could be set based upon its debt and its need to buy power. The California Department of Water Resources has been buying electricity on behalf of the utility, because the utility lacks credit. PG&E's plan would remove its operations from state oversight of its wholesale electric rates.

The plan, which has been developed with assistance from investment bank UBS Warburg, has been criticized by consumer advocacy groups, who are opposed to rates being set based upon PG&E's heavy debts. PG&E would sell stock under the plan, while PG&E Corp., its corporate parent, would be restricted from realizing profits.

Residential customers of Southern California Edison have been paying rates which are as much as 40 percent higher than they were before wholesale power prices spiraled out of control, in order that the utility can pay its debts.
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