EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

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

Sierra Pacific to Skip Quarterly Dividend

LCG, April 16, 2001Sierra pacific Resources Inc. said on Friday that it would skip the quarterly dividend ordinarily paid to stockholders on May 1 and would try to explain the action to shareowners at the company's May 21 annual meeting.

"The dividend is vitally important in retaining investor confidence in Nevada at a time when newenergy infrastructure is so critical to protecting consumers from this crisis," said Walt Higgins,president and chief executive. "However, it is equally important that our dividend reflect our current financial condition and the continued uncertainty about the energy crisis."

The state of Nevada finds itself washed by the floodwaters of California's energy crisis and has problems of its own because of that. Sierra Pacific said continued uncertainty over how Nevada willresolve its energy crisis prompted the board's action.

"We recognize that this decision is painful to shareholders who have already suffered anunprecedented drop in the value of their investment," said Higgins. "However, it is really the onlydecision that can be made until we can get a more definitive view of how and when this crisis can beresolved."

The Sierra Pacific board also told the company to continue to keep a lid on expenditures other than those associated with safety and customer service.

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service