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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

Kumeyaay Wind Project Commences Operations

LCG, December 29, 2005--San Diego Gas & Electric (SDG&E) began receiving electricity this week from the new Kumeyaay Wind Project. The wind farm, which has a generating capacity of 50 MW, was developed through a partnership between the global investment and advisory firm Babcock & Brown and GE Energy Financial Services. Babcock & Brown will be the long-term manager of the facility.

The Kumeyaay Wind Project consists of 25 turbines and is located in San Diego County on the Campo Indian Reservation, about 70 miles east of San Diego and 18 miles north of the Mexican border. The Campo Tribe will lease the land and receive payments on the electricity sold to SDG&E. The project schedule included an eight-month construction period and one month of testing.

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

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