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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

Brooklyn Activists Oppose Greenpoint Power Plant

LCG, June 25, 2001Activists from the Greenpoint and Williamsburg sections of the New York City borough of Brooklyn last week mounted a "vocal and vehement" opposition to a 1,000 megawatt power plant proposed for an area along the waterfront, the New York Daily News reported today.

Energy experts, the New York Independent System Operator and others are agreed that the Big Apple needs additional generation to keep pace with growing demand and to avoid California-like power supply problems. The New York Power Authority has been installing 11 small generating stations of 45 megawatts each to avoid the possibility of blackouts this summer.

Nevertheless, the "not in my backyard" syndrome is alive and well in Gotham. Opponents argue the neighborhood is already overburdened by power plants, waste transfer stations and other sources of pollution, the paper said. And they argue the proposed plant will scuttle plans to revitalize the northern Brooklyn waterfront.

Despite the opposition, the plant's developer has vowed to proceed with the project. "We're proceeding on course," said developer Adam Victor of Clean Point Energy immediately after a stormy community meeting where he was met with boos and catcalls.

Clean Point Energy seeks to build a natural gas-burning power plant on a 4-acre site owned by a fuel oil company on the Greenpoint-Williamsburg waterfront. Victor argued the modern, cleaner-burning plant will replace older, more polluting power plants used in the city.

But members of the combative, overheated crowd jeered his presentation, the Daily News said. "You're on notice, sir, that we don't want you here," said activist Barbara Vetell at the close of the meeting. "Now why don't you just get out?"

Following the meeting, Victor told the paper he was "saddened" by the community's aggressive furor. But he said he stood firmly behind his plan.

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