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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.

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Industry News

FP&L's Martin and Manatee Station Expansion Projects Ready for Service

LCG, June 28, 2005--Florida Power & Light Company (FP&L) announced yesterday that its two new, gas-fired electric generating units located at existing plant sites in Martin and Manatee counties will commence commercial operations on June 30, 2005. The two new units will add 1,900 MW of generating capacity to serve the growing electric demands in Florida.

At the Manatee Station, the existing facilities include two units with a combined capacity of 1,591 MW and the capability to burn oil and natural gas. The expansion project adds a new, combined-cycle plant with a capacity of 1,100 MW. The estimated cost of the project is approximately $600 million.

The existing facilities at the Martin site include two 800-MW steam-generating units, two 450-MW combined-cycle units and two 160-MW combustion turbines used to meet peak loads. The Martin Station expansion project converts the two combustion turbine peaking units, along with two new combustion turbines, into a more efficient combined-cycle plant. The capacity of Martin Station will increase by 800 MW, and the estimated cost of the project is $500 million.

Both stations will receive gas via Gulfstream Pipeline's Phase II Extension that was placed into service in February of this year. Gulfstream, a joint development between Williams and Duke Energy, was originally placed into service in May 2002. The pipeline, with a capacity of approximately 1.1 Bcf/day, receives gas from Mobile Bay, East Louisiana and Mississippi before crossing more than 400 miles of the Gulf of Mexico.

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