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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.

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Industry News

SaskPower Receives Approval for Carbon Capture Project

LCG, April 28, 2011--The Government of Saskatchewan approved construction of the C$1.24 billion Boundary Dam Integrated Carbon Capture and Storage (CCS) Demonstration Project, which is expected to capture approximately one million tonnes per year of carbon dioxide (CO2). Construction is scheduled to commence shortly, with operations to begin in 2014.

Rob Norris, minister responsible for SaskPower, stated, "This project will forge an environmentally sustainable path for the production of coal-fired electricity in Saskatchewan. By proceeding with the carbon capture project at Boundary Dam, while continuing to add wind power and investigating other renewable energy options such as biomass, SaskPower is helping to build a greener future for Saskatchewan."

The existing Boundary Dam Power Station, located near Estevan, is SaskPower's largest power generating facility and includes six, coal-fired units, with a total plant generating capacity of 824 MW. Unit 3 will be rebuilt to incorporate a carbon capture process that will reduce capacity from about 139 MW to 110 MW, given expected energy loads for the carbon capture process. Cansolv, a wholly owned subsidiary of Shell Global Solutions, will supply the carbon capture process, and Hitachi will supply the steam turbine.

SaskPower is pursuing the sale of the captured CO2 for enhanced oil recovery (EOR) projects, and captured sulphur dioxide may be sold for use in the manufacture of sulfuric acid.

The Boundary Dam Integrated CCS Demonstration Project has received C$240 million from the federal government, of which about C$180 million has been spent.
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