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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

California Power Authority Faces FERC Scrutiny

LCG, Aug. 23, 2001--Federal regulators say California's new power authority would have to get federal permission to buy power contracts, hydroelectric plants or electric lines, the Sacramento Bee reported this morning.

In addition, there could be some circumstances when the new agency's goal of providing electricity for Californians could clash with federal rules on how wholesale power can be traded, wrote Kevin Madden, general counsel for the Federal Energy Regulatory Commission.

Madden's letter, which responded to an inquiry by U.S. Rep. Doug Ose, a Northern California Republican and California Secretary of State Bill Jones, also a Republican, was dismissed by S. David Freeman, head of the state's new Consumer Power and Conservation Financing Authority.

The 72-year-old Freeman, a political appointee of Gov. Gray Davis, is former head of the Los Angeles Department of Water and Power and has spent his professional life in the publicly-owned power sector.

There was no need for FERC to "dream up" circumstances under which the state might fall under its authority, Freeman said, particularly when FERC has been so slow to come to California's aid in the past.

"If they can't help us, the least they can do is stop writing letters," he said.

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