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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

Proposal for New Generation on Long Island Presented to Locals

LCG, January 7, 2005--Caithness Energy and the Long Island Power Authority (LIPA) presented their plans to build a 326-MW, combined cycle generating station on Long Island to the Bellport area residents. Caithness Energy is the developer of the North Bellport Energy Center and will construct and operate the plant, and LIPA has agreed to sign a long-term contract to purchase 85 percent of the electricity generated, with the remainder sold to the wholesale market.

LIPA is acting as the lead agency for the Caithness project, as it is the primary government agency to support and approve construction and operation of the proposed generating station. The station will be located on a 96 acre site in an industrial area. Caithness plans to start construction in the spring of 2006, given approval from various agencies, including the town of Brookhaven.

The station is estimated to cost $375 million, and the gas-fired units will use oil as a back-up fuel. The plant is proposed to meet growing demands that are currently served by aging generating stations and imports, which are severely limited by transmission constraints.

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