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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

Don't Let PG&E, SoCal Ed Earnings Fool You

LCG, Oct. 12, 2000Pacific Gas & Electric Co. and Southern California Edison Co. are expected this month to report significant earnings growth for the third quarter over the same period last year, but the improvement is illusory, most observers agree.

The holding companies for the two utilities should show a sharp increase in earnings. PG&E Corp. is expected to post $0.61 per share, up from $0.50 in the third quarter of 1999, and Edison International Inc. was expected to show a gain fro, $0.74 last year to $0.81.

Those figures do not take into account the amount of money the two operating utilities have been paying for power to serve their electricity customers. The cost of that power has not been passed along to consumers because of a rate freeze imposed by the California electric industry restructuring law. The companies have been carrying the uncollected charges on their books but have not yet charged them against earnings because they still dream of getting paid.

PG&E Corp. said last month its undercollected balance had reached $2.2 billion, while Edison International said it was $1.97 billion in the hole as of August 31. Neither figure includes the month of September. It was hot in California during September, and September is part of the third quarter.

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