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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

New Jersey Okays First Energy Takeover of GPU

LCG, Sept. 27, 2001--The New Jersey Board of Public Utilities yesterday approved First Energy Corp's. proposed $4.5 billion acquisition of GPU Inc., a GPU official said.

Ned Raynolds, a spokesman for GPU, said the New Jersey regulators voted 2-1 in favor of the merger, which will create an electric distribution and transmission utility stretching from Toledo, Ohio to the Jersey shore.

Yesterday's vote was taken on a settlement the two companies reached last month with New Jersey officials and electricity customers dealing with financial technical matters surrounding the merger.

The merger is expected to result in about 1,250 job cuts, mostly in GPU's Pennsylvania service territory. About 300 jobs in New Jersey may ultimately be lost.

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