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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

El Paso Gets Okay to Reopen Killer Gas Line

LCG, July 9, 2001El Paso Energy Corp. has been given permission to resume natural gas transmission on its pipeline which was shut down by an explosion last August killing 12 people camped alongside it near Carlsbad, N.M.

El Paso's South Mainline system consists of three trunklines that carry gas from West Texas to California. Together, they were carrying about 1.1 billion cubic feet of das per day at the time of the rupture. Following the blast, transmission was cut to 835 million cubic feet per day but has recently held steady at around 920 million cubic feet.

The Department of Transportation said on Friday that El Paso could begin operating the damaged line at 80 percent of capacity as it completes its final inspection of repairs. Patricia Klinger, a DOT spokeswoman, explained "The line needs to be running to conduct internal inspections."

"They are finished with the reconstruction, the hydro testing and internal cleaning. Just the internal inspection is required now," Klinger said. Federal inspectors will make the final determination whether the pipeline can run at full capacity, she added.

El Paso has begun switching the flow of gas from one of the others pipeline to the repaired line, but that will not for the time being increase the overall amount of gas heading to California, a company spokeswoman said. She said shippers would be notified when increased pressure allowed additional gas to be moved.

The federal agency fined El Paso $2.52 million last month for the fatal explosion, the largest fine ever against a gas pipeline operator.

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