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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

California PUC Approves PG&E's Contract to Purchase Wind Power

LCG, August 26, 2005--Pacific Gas and Electric Company (PG&E) announced yesterday that its long-term contract to purchase up to 75 MW of wind energy from PPM Energy's Shiloh I Wind Project in Solano County was approved by the California Public Utilities Commission (CPUC).

PG&E states that, with the newly approved agreement, it has met its annual goal to increase its renewable purchases by a minimum of 1% of retail load. Earlier this month, PG&E issued its third Request for Offers (RFO) to solicit renewable energy pursuant to the State of California Renewable Portfolio Standard (RPS) program.

The State of California's Renewables Portfolio Standard (RPS) Program, which is managed by the CPUC and the California Energy Commission, requires each utility to increase its procurement of eligible renewable generating resources by 1% of load per year to achieve a 20% renewables goal.

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