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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

Maritimes & Northeast to Double Capacity

LCG, June 20, 2001--Maritimes & Northeast Pipeline said yesterday it has agreed with PanCanadian Petroleum Ltd. to transport up to approximately 400 million cubic feet per day of natural gas from the PanCanadian-owned Deep Panuke project offshore Nova Scotia to markets in Atlantic Canada and New England.

To handle the additional capacity, Maritimes proposes to expand its mainline at a cost of about $330 million (U.S.). The expansion is scheduled to be completed in late 2004 or early 2005 to meet the PanCanadian planned production target of first quarter of 2005.

Michael Phelps, chairman and chief executive officer of Westcoast Energy Inc., the lead partner in the Canadian portion of Maritimes, said "With this expansion, we are well on the way to our goal of doubling system capacity to 1.2 billion cubic feet per day by 2005 and to 2 billion cubic feet per day by 2010."

Phillip Knoll, president of Maritimes & Northeast Pipeline, predicted "This project will see our transportation rates dropping significantly, enhancing the competitiveness of Scotian Shelf natural gas in relation to other supply basins in North America."

Maritimes said it would soon file applications to the Canadian National Energy Board and the U.S. Federal Energy Regulatory Commission for project review and approval.

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