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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

PG&E Unit Gets Oregon Power Plant Approval

LCG, Sept. 20, 2001--PG&E Corp. said yesterday the Oregon Energy Facility Siting Council has awarded a site certificate for the Umatilla Generating Project, a proposed power plant being developed by corporation's PG&E National Energy Group subsidiary.

The proposed natural gas-fueled plant will generate up to 598 megawatts of electricity and will be located across the street from the National Energy Group's Hermiston Generating Plant near Hermiston, Ore. The plant is expected to be in service by 2004, the company said.

"We have worked closely with the Oregon Energy Siting Council, as well as the various interested parties, throughout the state process, and the project is a better one because of these efforts," said Thomas B. King, president and chief operating officer of the National Energy Group's western region. "We will continue to work with the Siting Council and the Oregon Office of Energy in our effort to develop an energy resource that will help meet the long-term power needs of the people of Oregon and the rest of the Northwest."

The company said that construction of the facility could begin in early spring of next year. Between 300 and 350 local construction jobs are expected to be created at the peak of construction. The project will hire 10 to 15 full-time employees when it begins operation, which will be in addition to the 27 full-time jobs at the existing plant.

"We greatly appreciate the efforts of the Hermiston-area community throughout the siting of the (project) and will continue working with local officials throughout the rest of this process," said Hermiston Generating Plant Manager Greg Cook.

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