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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

Williams Settles Many Claims in Western States

LCG, January 2, 2003-Williams Cos. has settled most of the lawsuits filed against it by California.

Many lawsuits were filed against energy generating companies like Williams after California's energy crisis in 2000/2001 forced the state's utilities into expensive long-term power contracts.

As part of the settlement, Williams will be free of California's claims regarding possible overpriced electricity. Some private class-action plaintiffs have also consented to the settlement.

California, in exchange, will see a reduction in its $4.3 billion energy deal with Williams. Williams will pay $150 million over eight years in addition to yielding some energy assets to California. Six generators, worth about $90 million, will go to the state.

Williams will also supply more electricity to California through 2001.

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