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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

Exelon to Add 2,000 MW of Gas-Fired Power Generation in Texas

LCG, October 2, 2014-Exelon Generation announced Monday that it is planning to build two combined-cycle gas turbine facilities in Texas at existing power plants. Each new power block will add approximately 1,000 MW of generating capacity. Project construction is expected to start next year, and commercial operation is planned to commence in 2017.

One power block will be installed at Colorado Bend Generating Station, a 498-MW combined cycle in Wharton County, Texas. The other block will be built at the 704-MW Wolf Hollow combined cycle facility in Granbury, Texas.

The two projects will use GE's highly efficient H-class turbines and employ dry cooling to minimize water use. Exelon Generation's CEO stated, "Exelon is a forward-looking company, and what we see is a clean energy future that includes this kind of new technology, which uses little water and produces few emissions while generating electricity at a very low cost. We're delighted to be the first to employ this GE technology, and we're delighted to do it in Texas. This is how Exelon sees the energy future of America - clean, affordable and efficient."

The president and CEO of power generation products at GE Power and Water said, "These combined cycle plants will use our air-cooled 7HA.02 gas turbines, which provide the most output, highest efficiency and best operational flexibility for 60 Hz applications. They are designed to start fast, ramp up more quickly and turndown more efficiently than any other H-class turbine on the market today. This translates into enabling Exelon to deliver power quickly when it is needed and to ramp down when it is not."
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