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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

Powergen sells European Assets to NRG Energy

LCG, April 17, 2001Powergen Plc of the United Kingdom said this morning it has sold its mining and electric generation assets in Germany and Hungary to NRG Energy of the United States for 130 million ($187 million U.S.).

"The deal completes Powergen's strategic refocusing on the U.S. and UK energy markets and thesale of its international business, other than a minority stake in the holding companies for Powergen'sformer interests in Australia, India and other parts of Asia," the company said in a news release.

NRG will acquire Csepel I and II of Hungary as well as Powergen's interest in Germany's Mibrag GmbH and Saale Energie GmbH. The European assets earned 28 million ($40 million) in profits for Powergen last year.

Powergen said the sale was part of its debt reduction program that would result in corporate debt being slashed by 1.37 billion, "significantly ahead of the one billion pounds target originally set".

Last week, Powergen agreed to a takeover by German utility Eon for 9.6 billion including assumption of debt.

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