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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

Corona to Seize Control of City Distribution

LCG, October 31, 2002-Corona City, California is fed up with the high rates and, they say, less than quality service from utility Southern California Edison and is expected to take over distribution within the city limits.

While no move has been made public as yet, the city will make an announcement today regarding electricity transmission within its borders.

If the city decides to take control of electricity distribution, it will form the first significant new municipal electric utility in California since 1947, when Sacramento formed SMUD (Sacramento Municipal Utility District).

SMUD was voted into existence in 1923 and involved several years of fundraising and twelve years of litigation, in regards to the price of distribution, in order to become a full-fledged municipal system.

The city of Corona may face similar challenges if it tries this route, especially considering that Southern California Edison says that it is not selling its system. The city has power of eminent domain, however, and has legal grounds on which to base a distribution takeover. Unfortunately, court costs may put the possibility of becoming a municipalized utility out of reach.

California currently has 30 municipal systems and several large investor-owned utilities, which include Southern California Edison, San Diego Gas & Electric, and Pacific Gas & Electric.

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