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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

Virginia SCC Gives Approval for Dominion Virginia Power to Join PJM

LCG, November 11, 2004--The Virginia State Corporation Commission (SCC) yesterday authorized Dominion Virginia Power (DVP) to transfer control of its transmission assets to the PJM Interconnection (PJM). Although PJM will control the transmission system, DVP will retain ownership.

The Virginia Restructuring Act requires Virginia electric utilities to accomplish such transfers by January 1, 2005. As with the SCC's August 31, 2004 authorization to transfer AEP's Virginia assets to PJM, the SCC staff noted that PJM is the only RTO option available to meet the requirements of the Restructuring Act. The SCC staff also noted that the cost/benefit studies do not establish a significant economic detriment.

PJM has significantly expanded its operations this year. Last May, PJM integrated over 5,000 miles of transmission lines transferred by Commonwealth Edison (ComEd), becoming the world's largest grid operator. On October 1, PJM began managing the transmission lines of AEP and Dayton Power and Light Company. PJM now operates an integrated grid spanning twelve states.

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