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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

Peabody Energy Receives Air Permit for New Coal Plant

LCG, January 19, 2005--The Illinois Environmental Protection Agency (IEPA) issued an air pollution permit to Peabody Energy for its proposed coal-fired, Prairie State Energy Campus and adjacent coal mine located in Washington County, Illinois. The permit was issued following what a Peabody spokesperson described as a three-year period that included rigorous environmental review, public comment and extensive community input. Opponents may appeal the IEPA decision in the next 30 days.

The project is one of two, similar coal projects that Peabody Energy is currently developing in the Midwest. The proposed Prairie State Energy Campus will consist of a 1,500 MW, coal-fired generating station that is estimated to cost $2 billion, including approximately $500 million for emission control equipment to allow for the use of local, high-sulfur coal. Peabody could commence construction as early as the end of 2005, with operations beginning about four years thereafter.

A key hurdle for Peabody to overcome is developing partners and energy sales agreements. Last July, a number of Midwest rural electric cooperatives and municipal agencies, including Indiana Municipal Power Agency, the Missouri Joint Municipal Electric Utility Commission, and Wolverine Power Supply Cooperative in Michigan, executed a letter of intent with Peabody Energy to acquire partial interest in the Prairie State Energy Campus. The agreement called for the group to own about one-third of the project, which including coal reserves, the generating plant and output.

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