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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

Cielo's Texas Wind Project Moves Forward

LCG, December 9, 2004--Cielo Wind Power of Austin is negotiating tax benefits with Oldham County officials for a 160-MW wind project planned west of Amarillo, Texas. Excel Energy will purchase the power from the wind farm, which is scheduled to commence operations late next year. Local officials are considering favorable tax arrangements in order to increase the tax base and hope to reach an agreement with Cielo by the end of the year.

According to a spokesperson for Xcel Energy, the transmission capacity in the area is an issue and is approaching limitations. Once the 160-MW wind farm is completed, additional generation cannot be added until a new, 345-kV transmission line is installed. The new transmission line is estimated to cost approximately $50 million and could require roughly three years to complete.

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