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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

Maharashtra Annuls Enron's India Contract

LCG, May 25, 2001The Maharashtra State Electricity Board retaliated against Enron India yesterday by "annulling" its contract to purchase power from Enron's Dabhol Power Co. The move was in response to Enron's announcement last week of a preliminary termination notice.

"You can't quit," the MSEB said, "I quit first."

The MSEB denied that its decision last night was such a response, but was a "legal notice" provoked by Enron's failure to meet power delivery requirements called for in its contract. Enron said the charge was nonsense the power has been there, but Maharashtra doesn't want to pay for it.

Since the 740 megawatt first phase of the Dabhol project began commercial operations last year, Enron has had to fight tooth and nail for each month's payment for power delivered to the MSEB. With a 1,444 megawatt second phase set to begin producing power next month, the MSEB is attempting to force Enron to make a significant reduction in rates agreed to in 1994. Enron has said it will not re-negotiate the 1994 contract.

Last night, Enron said in a statement "MSEB has chosen an obscure and improper justification for attempting to rescind a contract that, in any event, was signed more than seven years ago."

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