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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

Neptune LNG Project Moves Forward

LCG, October 7, 2005--SUEZ LNG NA LLC's subsidiary Neptune LNG LLC announced yesterday that it received notice from the United States Coast Guard stating thatits Neptune Deepwater Port application for a license to construct an offshore liquefied natural gas (LNG) facility is complete. The company also announced that it filed an Environmental Notification Form (ENF) for the project with theMassachusetts Environmental Policy Act (MEPA) Office.

The offshore LNG receiving terminal was announced in February 2005. With the application deemed by the Coast Guard to be complete, a statutory 330-day review period for approval of the license will begin following the publication ofthe letter in the Federal Register. Neptune LNG anticipates a development phase, including regulatory and a formal project application review, to require about 15-18 months. Construction of the deepwater port components is expected to require an additional three years.

The Neptune LNG project design incorporates an offshore delivery where LNG tanker ships would moor. The specially designed ships would vaporize the LNG into natural gas that would be delivered into the existing HubLine sub-sea pipeline for delivery to customers in New England. The deepwater port is located approximately ten miles south of the city of Gloucester and 22 miles northeast of Boston. The nominal capacity of the proposed facility is 400 MMcf/day.

According the company, benefits of the offshore location include that it does not require any coastal land, has limited aesthetic impacts, and avoids both the Stellwagen Bank National Marine Sanctuary and essential shipping lanes into Boston Harbor.

SUEZ LNG NA's wholly owned subsidiary, Distrigas of Massachusetts LLC, owns and operates an existing LNG receiving terminal in Everett, Massachusetts, which began service in 1971.

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