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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

El Paso Replaces CEO

LCG, March 13, 2003El Paso Corporation announced that CEO William A. Wise is officially stepping down as CEO and that a new CEO has been chosen to take interim office.

Ronald Keuhn, Jr. will take Wises place while a permanent CEO is sought.Keuhn, who is 66, has served as a business consultant for two years and was non-executive chairman for the corporation for 14 months in 1999 and 2000.

The corporations decision to replace Wise comes at a time when shareholders have been seeking to replace El Pasos board members.

One of the companys largest shareholders, Selim K. Zilkha, has been at the head of the effort of change the board and owns some 8.9 million shares. The shares have dropped in value over the last two years by nearly $600 million.

Wise will continue to receive his salary plus half of his yearly bonus, in addition to pension benefits, for three years.

El Paso is the countrys largest natural gas pipeline company.

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