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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

North Carolina City, Scana Plan 500 Megawatt Plant

LCG, Nov. 10, 2000--The public works department of Fayetteville, N.C. and utility holding company Scana Corp. signed a memorandum of understanding this morning to jointly build and own a 500 megawatt natural gas-fueled, combined-cycle power plant to supply electricity to the city's 60,000 residential, commercial and industrial customers.

Steven K. Blanchard, general manager of the Fayetteville Public Works Commission, said "One of Fayetteville's greatest challenges is meeting the growing demand for electricity in our community, the result of our continuing economic prosperity."

He said the PWC had been through a lengthy process of reviewing proposals, and narrowed their choices to three proposals to provide long-term electric service to the community, before deciding to pursue a joint development with Scana.

"We recognize that self-sufficiency is the key to being able to reliably provide low-cost electricity to our citizens and businesses in the future. To meet this objective, we must begin today to develop new capacity and we needed an experienced energy partner who is interested in working in the future of Fayetteville and eastern North Carolina," Blanchard said.

This morning's agreement allows Scana to begin work on a 106-mile, 16-inch natural gas transmission line stretching from the company's pipeline system in South Carolina to Fayetteville while definitive agreements are being finalized, a joint announcement said.

The project, expected to be completed by the summer of 2002, will cost about $265 million. The Public Works Commission will own a 60 percent interest in the plant and SCANA will own the balance. The pipeline project is expected to cost around $90 million, and will be funded and owned by Scana.

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