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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

Lawsuit Filed to Void Long-Term Electricity Contracts

LCG, May 1, 2002-California Senator Tom McClintock of Thousand Oaks (R ) filed a lawsuit this morning in California Superior Court alleging an energy consultant violated the law in writing long-term energy contracts.

McClintock's suit asserts that state energy consultant Vikram Budhraja did not follow government code when he assisted negotiation of last year's electricity contracts.

California government employees are forbidden to write contracts in which there is conflict of interest, such as if a retainer exceeds five percent of a person's total yearly income.

Budhraja has served at several executive posts for Edison International, parent to Southern California Edison utility, and resigned in January of 2000. Reportedly Edison International gave Budhraja a retainer of over $100,000 last year and renewed the retainer for 2002. His own company is under contract to receive - over about a 3 year period starting in 2001 - $6.2 million from California for consulting work.

Southern California Edison's generation division, Edison Mission Energy, now has a ten-year contract with California's Department of Water Resources, but Edison Mission insists that Budhraja was not involved with that contract.

Department of Water Resources spokesman Oscar Hidalgo also asserts that the suit has no merit and is merely a political move on the part of McClintock.

The suit has been filed in the wake of the renegotiation of eight long-term California energy contracts, rewritten because they were deemed unreasonably costly.

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