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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

Reliant Resources to Sell Off European Assets at Loss

LCG, February 20, 2003Reliant Resources Inc. will sell energy-related European assets to Nuon at a loss of $900 million.

The Netherlands Nuon will purchase the assets for roughly $1.3 billion, in part comprised of $1.2 billion in cash receipts. $0.5 billion of the reportedly $0.9 billion loss is associated with goodwill impairment.

Reliant will pay its $600 million in euro debt that matures this March, but Nuon will take on debt that matures this July.

Reliant has 3,500 megawatts in electric capacity in the Netherlands as well as in commercial energy holdings.

The agreement will still require Dutch and German antitrust approval and is expected to be completed in half a year.

Reliant is based in Houston, Texas.

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