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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

California Capsule: Pressure to Air Power Contract Details

LCG, March 13, 2001California Gov. Gray Davis, who has resisted requests for the prices and terms of the billions of dollars of power contracts the state has negotiated, yesterday faced new demands that the information be made public.

A Southern California lawmaker yesterday requested the information under the state's public records law and threatened to sue Davis if it was not forthcoming. At the same time, a broad coalition of California news organizations including broadcast and print media asked Davis to explain why the details of the contracts must be kept secret.

Assemblyman Tony Strickland, a Thousand Oaks Republican, said "This is not Gov. Davis' money. This is the taxpayers' money, and they have a right to know."
Steve Maviglio, the governor's press secretary, responded "It's pretty simple. What he is asking us to do is show our cards to our opponents in the middle of a card game. If he wants us to put the information on a silver platter for the generators, we would lose, hands down."

In a letter to Davis, the news media asked for a formal response to the question of secrecy. The governor's office declined to comment saying the letter had not been received until late yesterday.

Both Strickland's and the news organizations' requests will probably be rejected. Administration officials have previously turned a deaf ear to requests for the information under the California Public Records Act, claiming that making the information public would jeopardize ongoing negotiations.

Guylyn R. Cummins, the lawyer for the news groups, said "We feel it is in the public interest to know the terms of any agreement when it is signed. The public has to have the opportunity to respond if they [sic] do not feel this is a good deal."

And there is more from the Golden State.

  • The University of California and California State University, huge higher education systems with eight and 13 campuses respectively, have gone to court to stop Enron Corp. from halting electric service. In 1998, the two institutions signed contracts with Enron Energy Services, locking in their rates for four years. Last month, Enron notified its California commercial and industrial customers, including the university systems, that they would be turned back over to Pacific Gas & Electric Co. and Southern California Edison Co. The schools have filed suit to block the move in U.S. District Court in Oakland.

  • The California Energy Commission said yesterday it will hold three days of hearings, tomorrow, Thursday and Friday, to get public comments on a proposal by AES Corp. to recondition and upgrade two generating units at the Huntington Beach Generating Station it purchased from SoCal Ed. The two units were retired in 1995 and AES wants to modernize them and put them back to work, an effort that could expand their original output of 450 megawatts.

  • El Paso Energy Corp. said yesterday that the California Energy Commission gave it final approval for its 51 megawatt United Golden Gate Power Project at the San Francisco International Airport. It turns out that the peaker is just the first phase of what could turn out to be a full-fledged baseload power plant. El Paso said it intends to ask for permission to build a second phase that would generate ten times as much power and will put the addition into the permitting process as quickly as practical.

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