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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

NRG Takes 50 Percent Interest In Conoco Power Project

LCG, Nov. 27, 2000--Conoco Global Power, a power plant developer subsidiary of oil company Conoco Inc., said this morning that NRG Energy Inc. would take a 50 percent interest in a Texas cogeneration plant under development.

NRG will buy into Conoco's 420 megawatt natural gas-fueled SRW Cogeneration project now under construction at the Sabine River Works pertrochemical facility owned by DuPont Co. near Orange, Texas.

Alan Williams, a vice president of NRG South Central Generating, said "The Sabine River Works project offers us an opportunity to diversify into gas-fired generation, the most efficient power generation available."

Electricity and all the steam generated by the power plant will be sold to the DuPont SabineRiver Works plant. Electricity also will be sold to PG&E Energy Trading - Power, a subsidiaryof PG&E National Energy Group. Additional electricity will be sold on the regional wholesale market.

Bechtel Energy Corp. is about halfway through building the cogenerator, according to Conoco, and the facility should begin commercial operation next summer.

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