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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

Keypan Asks Okay to Add 250 Megawatts at NYC Plant

LCG, Aug. 2, 2000--Keyspan Corp. said yesterday it has asked the New York State Public Service Commission for authority to expand by 250 megawatts the generating capacity of its Ravenswood power plant in Long Island City, a community in the New York City borough of Queens.

The company claims that when the expansion is complete, the gas-fired plant will be the cleanest and most efficient generating station in New York City. Its already the largest, and its 2,168 megawatts capacity accounts for 28 percent of the electric generation located in the city.

In a prepared statement, Robert B. Catell, chief executive of Keyspan, said "New York City has a critical need for electric power. An expanded Ravenswood power plant would help ensure that the city has adequate capacity to meet the ever-increasing demand for electricity. Additional sources of power are necessary to sustain and expand economic growth in New York City and the metropolitan area. A Ravenswood expansion can achieve this in an environmentally sensitive manner."

According to Keyspan, this year New York City is 300 megawatts short of meeting its reliability requirement for in-city electric-generation capacity, and the City's demand for electricity continues to grow at the rate of approximately 150 megawatts per year.

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