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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

Dynegy Gets Out of Trading Business as President Steps Down

LCG, October 17, 2002-Dynegy's president resigned yesterday, as the energy company announced yesterday that it will cut 1,000 jobs and drop energy trading entirely.

President and Chief Operating Officer Steve Bergstrom resigned yesterday after occupying the position for less than a year. He replaced Chuck Watson earlier this year.

Dynegy initially intended to find a creditworthy partner in order to resume energy trading. The company found no such partner and decided to exit the trading business entirely, a move that will decrease the company's collateral requirement and therefore ease its financial restrictions. Dynegy will instead concentrate its business on energy assets.

Dynegy currently employs 5,500 people and is based in Houston, Texas. The company owns assets throughout North America and Europe and has 19,100 megawatts worth of power plant capacity in the U.S. alone.

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