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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

Allegheny Alleges Merrill Lynch Made Wash Trades

LCG, September 26, 2002-Yesterday Allegheny Energy announced a lawsuit against Merrill Lynch, alleging the investment bank made wash trades to increase trading volume.

Allegheny bought Merrill Lynch's energy trading unit, Global Energy Markets (GEM), for $490 million. Now the energy company asserts that the investment bank participated in "wash trades," with energy companies like Enron, resulting in falsely large trading volumes and therefore a manipulated picture of how well GEM performed.

Allegheny's lawsuit was filed one day after Merrill Lynch announced that it would file suit against Allegheny for $115 million in delinquent payment for the trading unit.

Allegheny's lawsuit was filed with the Supreme Court of New York.

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