EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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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

New Jersey Awards Grant for Offshore Wind Farm

LCG, October 9, 2008--The New Jersey Board of Public Utilities (BPU) evaluated offshore, wind farm proposals from five companies and on October 3 awarded a $4 million start-up grant to Garden State Offshore Energy, a joint venture between PSEG Renewable Energy, a subsidiary of Public Service Enterprise Group (PSEG), and Deepwater Wind of Hoboken. The project includes the installation of 96 wind turbines located 16 to 21 miles off the coast of Atlantic City and Avalon.

The electric generating capacity of the proposed wind farm will be 345 MW, and the estimated project cost is approximately $1.1 billion. The project includes 96 wind turbines and is scheduled to be built in two phases, with the first half of the turbines installed by 2012 and the remainder a year later.

The project represents an initial step towards the Governor's plans to develop wind power offshore. On Monday, the Governor stated, ?Today, I am announcing that we?re not just doubling our commitment, we?re tripling it. New Jersey will support and encourage the development of 3,000 MW of wind power off its coast by 2020, which will be 13 percent of its total electricity. And we will get to 1,000 MW by 2012.?

A spokesman for PSEG said, "Having the state behind us and saying that they want this to move is very, very helpful."

Permits must be obtained from the Department of Environmental Protection (DEP) and from the federal Minerals Management Service, which would lease areas of the ocean floor to builders.

According to PSEG Renewable Energy, the completion of the project is dependent on receipt of all required permits, ongoing analysis of environmental impacts, wind quality studies, energy markets, financing and other conditions. The decision to proceed, as
well as final location, design and construction schedules, could be affected by these factors.
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