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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

Dominion Plans 600 Megawatts for Tennessee

LCG, Aug. 14, 2001--Dominion Resources Inc. said yesterday it plans to build and operate a natural gas-fired power plant adjacent to an industrial park near Centerville, Tenn., if the Tennessee Valley Authority will contract for the plant's output.

Dominion's plans to build the 600 megawatt power station are in response to a request by the Tennessee Valley Authority for construction of additional electric generation capacity. TVA will decide in October which of several potential developers it will go with.

James K. Martin, vice president for development with Dominion Energy, said "By constructing this facility here, we would address the growing need for additional electric power in the region, while helping Hickman County and Tennessee advance their economic development agendas."

Brenda Lee Lindsey, economic and community development director for Hickman County, said "We are delighted with today's news that one of the nation's premier energy companies is planning to join Hickman County's corporate community. Dominion's project would provide significant financial benefit to our local economy with substantial new tax revenue, new jobs, and new contracts for local suppliers - all with minimal impact on our existing infrastructure or the environment. We hope to welcome Dominion to Hickman County."

The proposed power plant would connect to the Tennessee Valley Authority's 161-kilovolt transmission lines south of the Duck River. The facility would use about 90,000 decatherms of natural gas per day from a nearby Tennessee Gas pipeline.

About 4.5 million gallons of water per day would be needed and is expected to be drawn from the Duck River. About one and a half million gallons per day would be treated and returned to the river, and most of the remaining water would be released as water vapor during the combustion process. Initial studies indicate the Duck River has more than enough capacity to supply the facility with no effect on water flow down river, Dominion said.

If it get the go-ahead from TVA, Dominion says it can have the plant on line by the fall of 2004.

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