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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

Florida's Electricity Consumers Receive New Generation from an IPP

LCG, June 28, 2004--Calpine Corporation's 540 MW Osprey Energy Center has begun commercial operations, with the full output sold to load-serving customers, including Seminole Electric Cooperative, in Florida. The Osprey Energy Center is the first, large-scale power plant to be wholly built and owned by an independent power producer (IPP) in Florida. The gas-fired, combined-cycle plant is located about 50 miles east of Tampa, adjacent to Calpine's existing 115 MW Auburndale Peaker and its co-owned, 150 MW Auburndale cogeneration facility.

Two of the dominant electric utilities in Florida appear to be heading down the traditional path toward supplying power for their customers. Earlier this month, Progress Energy, Inc. announced it had started construction to expand its Hines Energy Center and add a 500 MW gas-fired, combined-cycle unit. The Hines Energy Center, located in Polk County Florida, has two existing combined-cycle plants: the 482 MW unit 1 (completed in 1999) and the 516 MW unit 2 (2003). Progress' regulated Progress Energy Florida subsidiary constructed the existing facilities and has the option to pass the construction and operation costs onto its 1.5 million Florida customers over time. Progress plans to build a fourth, 500 MW unit at Hines, with a hearing at the Florida Public Service Commission (PSC) desired by January 2005.

The Florida PSC approved in June Florida Power & Light Company's proposed $600 million expansion of its Turkey Point Station, with existing facilities including nearly 1,400 MW of nuclear generation and 800 MW of oil and gas-fired generation. The new capacity will be 1,100 MW, provided by gas-fired, combined-cycle units, with an in-service target of 2007. Additional state and federal approvals are necessary for the project.

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