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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

LADWP's Pine Tree Wind Project Advances

LCG, April 20, 2005--The Los Angeles Department of Water and Power (LADWP) Board of Commissioners approved the final Environmental Impact Report (EIR) yesterday for a new wind farm located north of Mojave. The Pine Tree Wind Project, with an electric generating capacity of 120-MW, will be the largest wind farm owned by a municipality in the country.

The wind farm will include 80, 1.5-MW turbines and will be located about 12 miles north of Mojave, California. Following approval of the construction contract by the Board and City Council, construction is expected to begin this summer. The project is expected to commence generating power in the first half of next year.

The Pine Tree Wind Project is a key element in LADWP's efforts to expand its renewable energy supplies. Last year, at the direction of the mayor, the City Council and the Board of Water and Power Commissions, LADWP began developing a Renewable Portfolio Standard (RPS) to increase its share of power generation through renewable energy sources -- such as solar, wind, geothermal and biomass -- to 13% of its energy by 2010 and 20% by 2017. In fact, last August Los Angeles Mayor James Hahn directed LADWP to withdraw from the expansion of the coal-fired, Intermountain Power Plant in Utah and to instead focus its efforts on pursuing cleaner energy sources.

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