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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

NYPA Urges Munis to Join Hydro Relicensing Reform

LCG, Aug. 29, 2001--Warning that current law impedes the relicensing of hydroelectric facilities and adds significantly to the cost of renewing their operating permits, the chairman of the New York Power Authority last night urged the state's municipal utilities to get behind a movement to reform the law.

"In 1986, the Federal Power Act was amended to require the Federal Energy Regulatory Commission to balance power generation with energy conservation, protection of fish and wildlife, recreational opportunities and environmental protection," Joseph J. Seymour, chairman and chief executive of the NYPA, told the New York Municipal Electric Utilities Association at its annual meeting in Niagara Falls.

"While the goal was to accommodate competing interests, the (FERC's) role has been seriously impacted by past legislation and by subsequent interpretations of the law by the courts," he said. "The current law enables various agencies to impose on licensees huge unfunded conditions with little or no balancing as contemplated by the Federal Power Act."

Seymour also defended public power's role in an increasingly deregulated electric marketplace. "Early on, some were forecasting the death of public power. They assumed that lower pricesanticipated under deregulation and competition would ease us out of the picture," he said. "But now, people are finding that public power has a great deal to offer in a deregulated marketplace."

"California created a state power authority as a potential solution to the state's energy problems, though they're about 70 years behind us," he observed.

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