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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 Suppliers to Continue Providing Gas

LCG, Feb. 8, 2001Pacific Gas & Electric Co. said this morning that five natural gas suppliers have agreed to continue supplying the utility in exchange for a security interest in future utility accounts receivable resulting from resale of the gas.

PG&E warned that the five suppliers provide only a portion of its natural gas requirements, an amount insufficient to "avert severe shortages in the coming days or weeks." Gordon Smith, PG&E chief executive, said the utility was trying to get more suppliers to agree to the plan. "We remain hopeful we can avoid what otherwise threatens to be a very serious gas shortage," he said.

The company said it had only about nine days' supply of gas in storage, and that would be depleted rapidly if suppliers stopped their deliveries.

The five companies agreeing to continue furnishing gas to PG&E are BP Energy Co., Texaco Natural Gas, Dynegy Marketing and Trade, Texaco Canada Petroleum and Dynegy Canada Marketing.

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