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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

Winter Storm Cuts Power to Over 1.6 Million

LCG, Dec. 5, 2002--A winter storm continued to progress across much of the Eastern U.S. today, leading schools and businesses to close or cease operations early, and leaving as many as 1.6 million power customers, many in the Carolinas, without electricity.

Fallen tree branches coated with ice pulled power lines down with them, as drivers negotiated slippery roadways. While Oklahoma Gas & Electric, which experienced the brunt of the storm on wednesday, had only 1,100 customers yet to have power restored to them this morning, over 1.2 million customers in the service territory of Duke Power, in North and South Carolina, were without power today. Most of the outages could be attributed to the effects of freezing rain. Duke Power, a unit of Duke Energy Corp., said early this morning that the storm would likely bring about a larger number of outages than the utility experienced when Hurricane Hugo hit the area in 1989.

Crews for electric cooperatives in North Carolina, where outages were felt mostly in the central and southern parts of the state, have been working non-stop to return service to their customers, according to Nelle Hotchkiss, a senior vice president with the North Carolina Association of Electric Cooperatives. She called the situation "a formidable challenge, with hundreds of snapped poles, downed wires, and tree limbs on power lines."

States that experienced the storm first included Kentucky, Missouri, Arkansas, Tennessee, and Virginia. Today, Washington, DC, and the Mid-Atlantic states, including Pennsylvania, New Jersey and New York, have been seeing snowfall that is expected to accumulate to as much as 8 inches.
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