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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

Xcel Announces Generation Expansion Plans for Minnesota

LCG, November 3, 2004--On Monday, Xcel Energy submitted to the Minnesota Public Utilities Commission its biennial Resource Plan that describes its forecast electric load growth and corresponding supply resources.

One key element of the supply plan is to extend the operating licenses of the base-load, Prairie Island and Monticello nuclear power plants, which provide about one fifth of the electricity consumed by Minnesota customers. The Monticello plant's license expires in 2010, and licenses for Prairie Island's two units expire in 2013 and 2014. The extensions would add 20 years to the operating life of each unit.

To supplement existing supplies, Xcel proposes to add 1,125 MW of generating capacity by 2015, with the most likely fuel being coal. To pursue new, base-load capacity Xcel proposes an alternative to competitive bidding because, as stated in the Resource Plan, that process is "not well suited to evaluate coal and large-scale" plants. In September, Xcel took a similar stance with the Colorado Public Utilities Commission when its regulated affiliate, Public Service of Colorado, submitted its Least-cost Resource Plan and requested a Certificate of Public Convenience and Necessity to build a 750 MW expansion of its coal-fired, Comanche Station with a waiver from the competitive bidding process.

Xcel also plans on adding up to 550 MW of "peaking" capacity by 2015. In addition, the Resource Plan includes increasing wind generating capacity from about 500 MW to almost 1,700 MW of wind power.

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