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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

Carolinas' Outages Likely to Last a Week

LCG, Dec. 6, 2002--Power outages to over one and a half million customers that were caused by a severe winter storm will likely not be resolved until at least the middle of next week, utility Duke Power has said of its service territory in the Carolinas.

This morning, nearly as many customers were reported without power as had been without it at the peak of the storm's damage to power lines and equipment. "This is a devastating storm. It's been described by one or two of our linemen as Hurricane Fran with ice," the Wall Street Journal quoted Carolina Power & Light spokesman Mike Hughes as saying. Hurrice Fran caused $100 million worth of damage after sweeping the area in 1989.

Duke Power hopes to have power back for 90% of its customers by Wednesday, the 11th. While CP&L and Duke Power crews worked to restore power in their service territories, thousands of additional outages challenged nearby cooperatives. By Friday morning, the number in North Carolina had been reduced from 185,000 to 121,807 reported. 270,000 outages were outstanding early Friday in Charlotte.

Ice on trees was causing trees to fall even on Thursday, well after freezing rain had passed through the Southeast. Damage from ice left by rain is considered to have more impact than what is normal following hurricanes. Some concern about further outages is connected with trees which may spring up into power lines as ice coating them melts.
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