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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

Duke Power to Add 640 Megawatts for Native Load

LCG, Aug. 10, 2001--Regulated utility Duke Power Co. said yesterday it has selected a site in Cherokee County, S.C., for its newest energy facility, a 640 megawatt, natural gas-fired power plant which is expected to cost about $300 million.

Duke said it plans to begin building the new facility in January and has penciled in the Summer of 2003 for the start of commercial operation.

"The Mill Creek power plant will be a tremendous asset as we continue providing reliable, competitively priced electricity to our two million customers in North Carolina and South Carolina," said Duke Power President Bill Coley. "Over the last five years we've added almost 300,000 new customers," he said. "We have an adequate supply of electricity today, but we see the need for new peaking generation to support the region's economic growth."

South Carolina state officials were delighted with Duke's investment in their state and with efforts of local governments to seek out investment in their communities.

"As this region grows, community and business leaders must reach out beyond their boundaries to achieve the next level of growth for their area," Governor Jim Hodges said. "We are pleased that Cherokee County took the steps needed to make this a reality."

Duke said the eight-unit, combustion turbine plant is designed to operate as a "peaking" plant, providing electricity primarily during the periods when customers' use of electricity is at its greatest.

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