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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

Emergency Plan for NY Underwater Cable Sought

LCG, Apr. 21, 2003--An underwater cable that has not been approved as a power transmission link between Connecticut and New York's Long Island needs to be available in case of soaring demand, Sen. Charles Schumer, D-N.Y., has told the U.S. Department of Energy.

The line is in place, but its use has been blocked by a Superior Court judge in Connecticut, due to the fact that in seven locations, the line is not buried sufficiently deeply beneath the floor of the Long Island Sound to receive a permit from the Connecticut Department of Environmental Protection. The line's owner, Cross-Sound Cable Co., said it would bury the line while a modified permit was issued, but the the judge denied the modification.

Schumer and others considering the public Long Island Power Association's supply of power believe the risk to New York and Connecticut in case of high demand is too great not to allow the 330-megawatt cable to be considered for use as part of a backup plan. LIPA's chairman, Richard Kessel, said that "At a time when there is a temendous concern about terrorism, we need to make sure that the electrical system is reliable and there is a backup and redundancy." The cable runs between New Haven and the former site of the Shoreham nuclear power plant on Long Island. Although it was approved by the Department of Energy in case of emergency last summer, it did not operate.
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