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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

Missouri AG Misses Target in Gas Price Probe

LCG, Feb. 20, 2001Missouri Attorney General Jay Nixon has ended two days of hearings into the high price of natural gas. According to the St. Louis Post Dispatch, TV cameras were rolling as he "grilled gas utility executives and listened to market analysts explain why prices shot through the roof earlier this winter."

As he did so, gas prices were on their way down. Laclede Gas Co. and the Missouri Gas Energy unit of Southern Union Co. had petitioned the Missouri Public Service Commission last week, asking for a 20 percent rate cut beginning next month.

Nixon quickly shifted his target from rates to public disclosure of the documents and contracts the gas companies file with regulators when they seek a rate change. "I can't think of any good reason why someone who's been granted monopoly power to also be granted the power to hide the price they pay for something," Nixon said.

Warren Wood, head of the commission's natural gas unit, explained that some documents are public and some are not. Contracts between a utility and its supplier are typically confidential, he said. "That's not a Missouri problem," Wood said. "That's across the country."

Nixon was persistent, and said he would seek ways to open up the ratemaking to public scrutiny.

Donato J. Eassey of Merrill Lynch told Nixon that Laclede officials have done a good job of holding down prices. "I think they should be commended instead of challenged," Eassey said. "They have some of the lowest prices in the nation."

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