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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

State Commission Approves Construction of AEP's IGCC Plant in West Virginia

LCG, March 7, 2007--The West Virginia Public Service Commission issued an order yesterday granting the application of Appalachian Power Company (APCO) for a Certificate of Public Convenience and Necessity (CPCN) to construct and operate a 629 MW Integrated Gasification Combined Cycle (IGCC) electric generating unit adjacent to its Mountaineer Generating Station in Mason County, West Virginia. APCO is a subsidiary of American Electric Power (AEP).

The IGCC process converts coal into a synthesis gas to fuel a combustion turbine generator. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time.

In 2005 AEP signed an agreement with GE Energy and Bechtel Corporation to develop the engineering and design process for a coal-fired, power plant using an IGCC design. (GE Energy purchased the ChevronTexaco gasification technology business, whose technology has been applied to a number of IGCC power plants.)

The order includes a condition that requires APCO to file a revised project cost estimate no later than January 1, 2009. When the IGCC Project cost has been fine tuned under the GE/Bechtel contract, if the revised cost exceeds the $2.23 billion estimate in the Application, APCo is required to file for an amendment to the Certificate advising the Commission of the higher contract price prior to proceeding.

The Commission's order also includes a requirement that APCO must file an affidavit evidencing its commitment to use coal produced in West Virginia for no less than 75 percent of the fuel requirements of the plant within ten days of the date of the order.



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