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Winter Storm Event Decimates Texas Power Supply

******** February 19, 2021 update--The Electric Reliability Council of Texas (ERCOT) expects to come out of emergency conditions later this morning, the wholesale electricity prices is back to pre emergency level. ******** LCG, February 18, 2021-–Extreme winter weather swept across the central and southern states over the week beginning Feb 8, bringing record low temperatures and heavy snow. The temperatures shocked the Texas grid, pushing it to operational limits that ERCOT and generators did not expect and spiking wholesale electricity prices. A combination of higher-than-expected demand and plant and natural gas failures gutted the available power supply.

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NorthRenew Energy's Mesquite Sky Wind Project Commences Construction

LCG, January 21, 2021-–NorthRenew Energy (“NorthRenew”) announced today that Clearway Energy Group (“Clearway”) achieved construction commencement on the Mesquite Sky Wind Project, f/k/a Baird North Wind Project (“Mesquite Sky”), initially developed by NorthRenew and sold to Clearway in 2019. Following the sale in 2019, NorthRenew continued to assist Clearway with final development and pre-construction services.

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PRESS RELEASES

2021 Will Present New Challenges for Congestion Revenue Rights (CRRs) in CAISO (9/4/2020)

LCG, September 4, 2020--LCG Consulting completes a comprehensive congestion analysis for 2021 in California ISO (CAISO).
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Previous Press Releases

2021 Will Present New Challenges for Congestion Revenue Rights (CRRs) in CAISO (9/4/2020)
COVID-19: Analysis of Resource Adequacy in ERCOT - July - December 2020 (7/9/2020)
2020 ERCOT Outlook published by LCG Consulting (4/23/2020)
COVID-19 Simulation Results for ERCOT 2020 - a Comparison to Business as Usual Case (4/23/2020)
EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model (8/13/2019)
ERCOT 2019 Summer Quarter Outlook (5/29/2019)
2019 ERCOT Outlook report available from LCG Consulting (1/8/2019)
Impacts of High Variable Renewable Energy Futures (5/23/2018)
ERCOT 2018 Summer Quarter Outlook (5/22/2018)
In LCG’s 2018 ERCOT Outlook (3/21/2018)
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