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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

Florida PSC Rejects FPL's Proposed Coal Plant

LCG, June 7, 2007--The Florida Public Service Commission (PSC) Tuesday ruled 4-0 to reject Florida Power & Light Company's (FPL) proposed 1,960-MW Glades Power Park that FPL planned to build near Moore Haven, Florida. It is possible for FPL to request a rehearing or appeal to the Florida Supreme Court.

As proposed, Glades Power Park would consist of two, 980-MW units and incorporate state-of-the-art pollution control technologies to protect air quality. Mercury emissions would be 50 percent below the U.S. Environmental Protection Agency's Clean Air Mercury Rule. Furthermore, the proposed ultra supercritical pulverized coal technology is more efficient than traditional coal plants and would result in less fuel used per MWh generated. Greater efficiency would result in lower carbon emissions, which are believed to cause global warming.

The state-of-the-art design led to an estimated project cost of $5.7 billion, and the schedule called for Unit 1 to be operational in 2013 and Unit 2 in 2014.

In spite of the efforts to minimize emissions, the proposal drew opposition related to environmental issues, as well as costs. Florida Governor Charlie Crist stated the PSC's outcome was "the right decision for the environment, the right decision for the Everglades and the right decision for Florida."

The decision could indicate that the State of Florida will no longer welcome new coal plants and related fuel diversity benefits that were desired following Hurricane Katrina. In July 2006, the PSC gave unanimous consent to a new, 750-MW coal-fired power plant proposed by Seminole Electric Cooperative, Inc. (Seminole). Seminole had filed a Certificate of Need to construct the electric generating unit in Putnam County, Florida with the PSC in March 2006. The schedule calls for commercial operations to commence on May 1, 2012.

Later this year, the proposed 800-MW, coal-fired Taylor Energy Center is scheduled for PSC consideration. A Site Certification Application was filed May 24, 2007 with the Florida Department of Environmental Protection, initiating the licensing and permitting process. The proposed facility would be jointly owned by four electric utilities: Florida Municipal Power Agency (FMPA), JEA, Reedy Creek Improvement District, and the City of Tallahassee. The utilities are acting to serve the growing demand for electricity and to diversify their fuel portfolios, which have tended to rely on natural gas.
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