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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

PG&E Corporation Unit Slated for Bankruptcy Filing

LCG, May 14, 2003-National Energy Group, a subsidiary of the Pacific Gas & Electric Corporation, may enter Chapter 11.

On Tuesday PG&E Corporation noted its plans to file for bankruptcy for its electricity generation and trading unit. The Corporation also intends to omit National Energy Group from its earning projections may even surrender ownership.

PG&E Corp. already has one unit in bankruptcy court, PG&E utility, which serves customers in Northern California. The utility is well on its way to recovery and only faces obstacles as to which bankruptcy plan it will be permitted to execute.

National Energy Group, however, is one of the energy trade's most doomed companies, suffering from low energy prices after the high prices of 2000 and 2001. The company reported a net loss of $261 million for the first quarter, as opposed to a net income of $37 million for last year's first quarter.

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