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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

First Solar and Southern California Edison Announce Agreement for 500 MW of new Solar Generating Capacity

LCG, January 20, 2016--First Solar, Inc. and Southern California Edison (SCE) yesterday announced that they have executed Power Purchase Agreements (PPAs) for the power generated by four solar projects totaling 500 MW (AC) of electric generating capacity. Two project sites are in California, with the other two sites in Nevada and Arizona. All four projects are currently in development by First Solar and are scheduled to commence operations by the end of 2019.

The first project is the 150-MW North Rosamond Solar Project, which will be constructed on a 1,175-acre site in Rosamond, California. The 100-MW Willow Springs Solar Project will be built near the North Rosamond Solar Project on a 1,450-acre site. The 100-MW Sunshine Valley Solar Project will be located in Amargosa, Nevada, which is less than four miles from the California border. The fourth project is the 150-MW Sun Streams Solar Project that will be installed on a 1,500 acre-site of in Tonopah, Arizona.

SCE is regulated and impacted by the California's Renewables Portfolio Standard (RPS) that was established by legislation enacted in 2002. Subsequent amendments now set RPS requirements for California's electric utilities to have 50 percent of their retail sales derived from eligible renewable energy resources in 2030 and all subsequent years. Interim RPS goals include 25 percent of retail sales by December 31, 2016.
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