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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

Southern's Kemper County IGCC Project Now Targets Completion in Fourth Quarter 2014

LCG, October 31, 2013--Southern Company announced yesterday a delay in the schedule to begin operations of its Kemper County coal project that is currently under construction by its subsidiary, Mississippi Power.

Southern Company now expects subsidiary Mississippi Power's Kemper County project to be complete in the last quarter of 2014 and the costs to exceed $4 billion. Southern Company earnings for the three months and nine months ended September 30, 2013, include after-tax charges of $93 million and $704 million, respectively, related to increased cost estimates for the construction of the Kemper County project.

Plant Ratcliffe, located in Kemper County, Mississippi, is a 582-MW IGCC (Integrated Gasification Combined Cycle) project. In December 2010, Mississippi Power held the ground breaking ceremony for the project, and the estimated cost of the project was then $2.4 billion. Operations were targeted to commence in 2014. In April 2013, the project cost was estimated to be over $3.2 billion, with a May 2014 deadline to start service to retain certain tax incentives.

The IGCC project is designed to convert coal into synthetic gas, which will then be burned in a combined cycle system. The project's carbon capture system will capture at least 65 percent of the CO2 that results from combustion of the syngas. The captured CO2 will be transported via pipeline and used for enhanced oil recovery (EOR). The project is located adjacent to the fuel source, lignite.

In the third quarter of 2013, the Kemper County project achieved several major construction milestones, including the first fire of the facility?s two combustion turbines, which were completed August 28 and September 4. In late September, testing on the steam turbine was completed, which allows it to be synced to the grid in early October.

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