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LCG CONSULTING PREDICTS FUTURE VALUE OF EVERY PATH AVAILABLE IN THE 2024 CAISO CRR AUCTIONS

Los Altos, September 12, 2023 — LCG Consulting, a pioneer in energy market analysis and consulting services, is proud to announce its groundbreaking prediction of the value of every path to be traded in the upcoming 2024 Annual Congestion Revenue Rights (CRR) auctions at the California Independent System Operator (CAISO).

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EIA Releases A Case Study of Transmission Limits on Renewables Growth in Texas using UPLAN Model

LCG, July 13, 2023 – This paper explores the interplay between projected renewable energy additions onto the electricity grid in Texas operated by the Electric Reliability Council of Texas (ERCOT) and the region’s existing electrical transmission network.

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Industry News

Maryland Liquefied Natural Gas Terminal Reopening

LCG, February 13, 2003--Cove Point, a liquefied natural gas facility owned by Dominion Resources, will be reopened as part of a larger U.S. effort to meet increasing natural gas demand.

The plant was closed in the early 80's because it was not cost effective and demand was low.

However, that situation has reversed itself for a number of reasons. Gas field production from older sources is lower, gas imported from Canada declined last year by 4 percent, more U.S. natural gas is exported to Mexico, and many new natural gas-fired power plants have been constructed in the United States.

Cove Point has just 1 bcfd of gas capacity, equivalent to supplying 3.4 million homes/day but some involved believe it will have a larger effect on the natural gas market than its capacity implies.

Dominion expects to see 100 LNG ships dock at Cove Point in 2004, and is spending $187 million in restarting the plant. Dominion bought the plant from Williams Cos. in 2002.

Cove Point is slated to reopen in April or May this year.

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