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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

Southern Governors Skeptical of Expanded Federal Utility Role

LCG, Sept. 23, 2003--Governors in attendance at the meeting of the Southern Governors' Association, held in Charleston, West Virginia on Monday expressed concern that expanded rule-making authority for the federal government over utility management and reliability standards could impose additional burdens on Southern states, potentially forcing them to subsidize improvements elsewhere.

A number of the panelists, which also included industry representatives and experts, stated that they would prefer to keep authority for reliability-related decisions in the hands of states or regional entities. South Carolina Gov. Mark Sanford was quoted in the Charleston Gazette: "It seems that every crisis that hits us these days, we look to the federal government." Sanford said he would be "very resistant" to increased rule-making authority for federal authorities.

There was support, however, for making mandatory standards that have so far remained voluntary. "We can't wait around for this to happen," said David Mohre, with the National Rural Electric Cooperative Association. Economic competitiveness in the form of relatively low-priced electric power was cited as being vulnerable to any requirement that might be imposed on Southern states to transfer funds for infrastructure development outside the region. The Southern Governors' Association, created in 1934, is made up of members from the South, and from Puerto Rico and the U.S. Virgin Islands.
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