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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

Reliant to Spin Off Unregulated Businesses

LCG, Oct. 18, 2000--Reliant Energy Inc. said yesterday that its wholly owned subsidiary Reliant Resources Inc. has filed a registration statement with the Securities and Exchange Commission for the initial public offering of Reliant Resources common stock.

In the filing, Reliant said it expects to realize up to $1.3 billion in the public offering. The net proceeds will be used for general corporate purposes including the development of generating facilities, acquisitions and the repayment or refinancing of indebtedness, the company said.

Reliant Resources is the vehicle for the parent company's unregulated businesses, which include power plants and energy trading, marketing and risk management operations.

In notes along with the filing, Reliant Resources said "We intend to become a provider of retail electric services in Texas when the market opens to retail competition in Jan. 2002 and in other U.S. markets with favorable regulatory structures and profit opportunities thereafter."

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