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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

PG&E Plans 1,000 Megawatt Las Vegas Project

LCG, Oct. 2, 2000PG&E Corp.'s National Energy Group will develop a 1,000 megawatt merchant power plant on a 160-acre site 45 miles northeast of Las Vegas, the company said Friday.

PG&E said that while the new facility will primarily serve the rapidly growing Nevada market, it will also play a significant role in maintaining reliability on the western U.S. power grid because of its location near major transmission corridors.

The PG&E National Energy Group hopes to begin construction on the Meadow Valley Generating Project in about a year and have the plant up and running in early 2004. Output will be sold into the regional wholesale power market.

"Southern Nevada has one of the most rapidly growing economies in the country," said Thomas B.King, western regional president and chief operating officer of the National Energy Group. "Because of its location near Las Vegas, the Meadow Valley project will be ideally positioned to efficiently serve that demand growth."

The National Energy Group said it has begun the process of securing all of the necessary federal, state and local permits for the projects. The proposed power plant site is a parcel of U.S. Bureau of Land Management land slated for disposal through a land exchange facilitated by the Clark County Multi-Species Habitat Conservation Plan and The Nature Conservancy.

The exchange, when completed, would provide for the protection of 1,600 acres of sensitive riparian lands along the Muddy River in Clark County and the Meadow Valley Wash in Lincoln County.

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