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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

AES to Acquire El Salvador Units from Reliant

LCG, Sept. 1, 2000AES Corp. said yesterday it had entered into an agreement for a subsidiary to acquire for undisclosed terms Reliant Energy International's interest in an El Salvador company which owns three electric distribution companies.

Reliant has owned 50 percent of El Salvador Energy Holdings S.A., with Venezuelan utility Grupo EDC owning the other half. AES acquired control of EDC in a hostile takeover earlier this year. On Wednesday, AES said it had sold Colombian assets acquired in the EDC deal to Unin Fenosa of Spain.

The three El Salvador distribution companies, Compania de Alumbrado Electrico de San Salvador, S.A. de C.V., Empresa Electrica de Oriente, S.A. de C.V. and Distribuidora Electrica de Usulutan, S.A. De C.V. serve 3.5 million people, approximately 60 percent of the population of El Salvador, including the capital city of San Salvador.

Reliant said the sale is part of its plan to get out of the Latin American market and put its resources to work in the competitive energy services businesses of the U.S. and Western Europe. The company is still looking for buyers for its interests in electric systems in Brazil, Colombia and Argentina.

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