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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

Regulators Approve DP&L Transition Plan

LCG, Sept. 22, 2000Dayton Power & Light Co. said yesterday that Ohio regulators have approved the company's plan for its transition to a competitive electricity market. The company said the plan includes a three-year freeze on generation rates and a six-year freeze on delivery charges.

The Public Utility Commission of Ohio approved the DP&L plan yesterday after a settlement agreement was reached with numerous public agencies and business, consumer and electric industry representatives.

"With today's PUCO approval, DP&L has a transition plan in place that increases our growthpotential in a competitive market," chief executive Allen Hill said yesterday. "At the same time, it provides customers with a smooth transition to a deregulated supply market."

The company's transition plan covers a period which begins this coming January 1 and ends Dec. 31, 2003. Under the plan, DP&L will reorganize to separate its generation, transmission and distribution activities. In a news release, the company ticked off several provisions of the plan.

  • DP&L will have the opportunity to recover its transition costs.

  • No caps are placed on the company's allowable rate of return.

  • The utility will be allowed to purchase or sell assets without PUCO approval or impact on transition cost recovery.

  • Residential customers will receive a 5 percent rate discount that will stay in effect for three years.

  • Transmission and distribution charges will remain fixed for six years.

  • Customers will be able to seek savings from alternative providers of generation or receive guaranteed fixed prices from DP&L.

  • The utility will spend $1 million on customer information programs.

  • DP&L will invest an unspecified amount in low-income and energy efficiency programs.

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