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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

California's Natural Gas Prices Lead to Another Lawsuit

LCG, August 2, 2004--San Diego County has filed a lawsuit in San Diego Superior Court against major energy providers charging that the companies created fictitious supply shortages and fraudulently manipulated prices to raise profits and gouge California consumers. The companies identified in the lawsuit are: Dynegy, Encana, Aquila, Reliant Energy, CMS Energy, Coral Energy Resources, and Sempra and its subsidiaries - including San Diego Gas & Electric Company and Southern California Gas Company.

Last month, similar lawsuits related to natural gas price manipulation were filed in San Diego County by San Francisco and Santa Clara counties against the same energy companies. Sempra has stated that the allegations are without merit.

On July 28, Sempra Energy agreed to pay $7.2 million to settle allegations of Enron-like market manipulation during the 2000-2001 electricity crisis. "Under terms of the settlement, Sempra Energy trading has expressly denied the allegations raised by FERC," said Doug Kline, a Sempra spokesman.

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