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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

Indiana House Votes for More Regulatory Muscle

LCG, Feb. 21, 2001Indiana utility regulators would be given more muscle with which to keep electric, natural gas, water and telephone companies in line under a bill approved by the state House yesterday be an 84-12 vote.

"Misbehavior exists, and we need to have intelligent ways to handle this misbehavior," said Rep. Scott Pelath, a Michigan City Democrat.

The measure would give the Indiana Utility Regulatory Commission authority to fine a utility that violates state law or refuses to comply with a commission order. Fines could range up to $25,000 for each day of continued "misbehavior," up to a maximum of $2.5 million in a month.

Do the arithmetic. If the worst the utility can do would cost it $25,000 a day, it would take a 100-day month to reach the cap.

Under present rules, Indiana regulators can fine a utility only $1,000 per day, and must get county prosecutors to handle the fines for them.

Republican House leader Brian Bosma said that the bill is reactionary and represents "everything that's wrong with the legislative process." He said the amount of the fines were much higher than surrounding states and that "big fines aren't necessarily the answer."

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