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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

CA Bill Would Reduce PG&E Interest Cost

LCG, May 24, 2004--A bill passed by the California state Senate that would allow the utility Pacific Gas & Electric to lower its interest costs is now in the hands of Gov. Schwarzenegger.

Assuming that Schwarzenegger signs Senate Bill 772, by Senator Debra Bowen, D-Marina del Rey, the California Public Utilities Commission would then act to allow the utility to issue bonds to refinance a regulatory asset of $2.21 billion. "The quicker we act, the quicker the rates go down," Michael Peevey, the president of the PUC, told an investor conference this past wednesday.

The refinancing could result in savings in the amount of $1 billion from lower interest and tax payments. The asset to be refinanced was created in the course of PG&E's bankruptcy reorganization. Peevey expressed the belief that new bonds would be issued this year.
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