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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

LA Follows Springfield's Lead in Dropping Coal Alternative

LCG, August 26, 2004--Earlier this month, citizens in Springfield, Missouri voted down a new, coal-fired power plant near Springfield proposed by City Utilities of Springfield to meet future electricity requirements. On August 24, Los Angeles Mayor James Hahn directed Los Angeles Department of Water and Power (LADWP) to withdraw from the expansion of the coal-fired, Intermountain Power Plant in Utah and to pursue cleaner energy sources.

LADWP is the nation's largest municipal utility. For a number of years, plans have been underway to expand LADWP's coal investments by building a third, jointly-owned, 950 MW coal plant in Utah. LADWP's share of the $2.1 billion project would be $215 million. The mayor's directive is to immediately stop pursuing the coal plant and instead evaluate cleaner alternatives.

Under the direction of the mayor, the City Council and the Board of Water and Power Commissions, LADWP is developing a Renewable Portfolio Standard (RPS) to increase its share of power generation through renewable energy sources -- such as solar, wind, geothermal and biomass -- to 13% of its energy by 2010 and 20% by 2017. Last month LADWP issued a request for proposals (RFP) for renewable energy projects. By dropping the coal project, LADWP -- like City Utilities of Springfield -- will need to develop new plans as to how to supply its future electricity requirements.

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