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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

CLECO Announces Plans for New Coal Plant

LCG, July 13, 2005--Cleco Power, the utility subsidiary of Cleco Corp., announced yesterday its plans to build a new, coal-fired power plant. The primary site for the new power plant is the Rodemacher Power Station near Boyce, Louisiana. Cleco filed plans for the project with the Louisiana Public Service Commission (LPSC) and anticipates the project to commence operations in 2009.

The design of the proposed, 600-MW power plant includes two circulating fluidized-bed boilers. The plant, estimated to cost approximately $1 billion, could be fueled by western coal from the Powder River Basin, lignite from the state of Louisiana, and petroleum coke, which is a waste byproduct of crude oil refinement.

With the new plant, Cleco's reliance on natural gas would be reduced. Currently seventy percent of the electricity Cleco generates is derived from plants fueled by natural gas, the price of which has nearly tripled over the last five years.

The existing Rodemacher Power Station includes two units with a total capacity of 963 MW. Unit 1, with a capacity of 440 MW, is owned by Cleco Power and is fueled by natural gas and low-sulfur fuel oil. The initial start-up of Unit 1 was in 1975. Unit 2, completed in 1982, is jointly owned by Cleco Power, Louisiana Electric Power Association and Lafayette Utilities System. Unit 2 has a capacity of 523 MW and is fueled primarily by coal from the Powder River Basin.

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