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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

Calpine Completes Acquisition of Westcoast Energy Plants

LCG, Sept. 24, 2001--Calpine Corp. said on Friday its wholly owned subsidiary Canada Power Holdings Ltd. has completed the acquisition and assumed operations of two Canadian cogeneration plants from British Columbia-based Westcoast Energy Inc.

The acquisition adds 275 net megawatts of strategic natural gas-fired generation to Calpine's Canadian power portfolio. Calpine said it paid about $255 million (U.S.) for the plants.

The acquisition gives Calpine 100 percent interest in the Island Cogeneration facility, a 250 megawatt natural gas-fired electric plant located near Campbell River, British Columbia on Vancouver Island.

The plant, which is nearly completed, will deliver electricity to BC Hydro under the terms of a 20-year agreement and will also provide process steam to a nearby industrial concern under a 15-year contract.

Calpine also acquired a 50 percent interest in and assumed operations of the 50-megawatt Whitby Cogeneration plant, which provides power to Ontario Energy Financial Corporation, formerly Ontario Hydro, under the terms of a 20-year agreement. Located in Whitby, Ontario, the plant entered commercial operations in September 1998 and provides steam to a packaging firm.

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