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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

LA City Council Votes to Approve Goal of 100% Carbon-free Energy by 2035

September 3, 2021--The Los Angeles City Council voted unanimously on Wednesday to direct the Los Angeles Department of Water and Power (LADWP) to prepare a Strategic Long Term Resource Plan that achieves 100 percent carbon-free energy by 2035. The target year of 2035 is ten years earlier than the prior target and aligns with the goals proposed by President Biden for the electric sector.

The approved motion also directs LADWP to report every six months on the transition to renewable energy to the City Council’s Energy, Climate Change, Environmental Justice and River Committee. In addition, the LADWP is ordered to develop a long-term hiring plan for nearly 10,000 “green” jobs.

LADWP, the largest municipal utility in the country, has been planning for carbon-free power, and the new motion will accelerate their efforts.

LADWP is actively working to develop a new power generating facility at the Intermountain Power Plant (IPP) in Delta, Utah, where the current coal-powered facility will be retired. The new combined-cycle facility will use advanced gas turbines fueled with a hydrogen-gas mix and, ultimately, 100 percent renewable hydrogen for power generation. The project includes the development of nearby salt caverns for underground storage of green hydrogen. The facility will be owned by the Intermountain Power Agency (IPA) and operated by LADWP.
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