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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

LPSC Approves Expansion Plans for Cleco's Rodemacher Power Station

LCG, February 23, 2006--The Louisiana Public Service Commission (LPSC) yesterday unanimously approved plans by Cleco Power LLC, the electric utility subsidiary of Cleco Corp., to construct a new, solid-fuel unit at the Rodemacher Power Station near Boyce. The new generating facility will include two circulating fluidized-bed (CFB) boilers designed to burn a wide range of solid fuels and to deliver steam to a single, 660-MW, reheat turbine.

The new facilities are estimated to cost approximately $1 billion. The LPSC also approved a staff recommendation to allow Cleco to collect - during the construction period - approximately seventy-five percent of the carrying costs of capital during construction. Given timely receipt of the final air permit, construction of the boilers is scheduled to start shortly, and commercial operations are scheduled to commence in late 2009.

The CFB boilers 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. The fuel flexibility is part of Cleco's strategy to reduce reliance on natural gas, which is currently the fuel used by Cleco to produce about seventy percent of its electricity generated.

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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