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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

Xcel and enXco Announce Agreement for North Dakota and Minnesota Wind Projects

LCG, November 4, 2008--Xcel Energy and enXco announced Friday plans to develop two wind projects totaling 351 MW of electric generating capacity before the year 2012. enXco will develop and build the projects, with Xcel Energy seeking necessary regulatory approvals. Once the projects are complete, a utility subsidiary of Xcel Energy, Northern States Power Company, will take ownership.

EnXco will develop the Nobles Wind Project in southwestern Minnesota. The project will have an electric generating capacity of 201 MW and is scheduled to commence operations in 2010.

The Merricourt Wind Project is sited in southeastern North Dakota and will have a capacity of 150 MW and will include 100 1.5-MW wind turbines. The estimated cost of the project is $400 million. The project is scheduled to be operational by the end of 2011.

Minnesota passed a renewable portfolio standard (RPS) in 2007 that includes specific targets for Xcel Energy, including a requirement that eligible renewable electricity account for 30 percent of total retail electricity sales in Minnesota by the end of 2020. Furthermore, 25 percent of the renewable electricity must be generated by wind-energy systems.
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