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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

House Panel Tables Electric Dereg Bill until February

LCG, Dec. 18, 2001--U.S. Rep. Joe Barton, the Texas Republican who is chairman of the House Energy and Commerce Committee, said yesterday his panel would hold off on plans to produce legislation on electricity deregulation until February.

Part of the reason is a desire for the delay on the part of committee Democrats who said they needed time to digest the implications of the collapse of Enron Corp.

Christmas is another part. Barton said he had enough votes for a planned mark-up but "members of Congress are people too, and this week is the time for them to be focusing on shopping for their families rather than the intricacies of electricity restructuring."

Last week, Democrat members of the Energy and Air Quality subcommittee pointed to the flameout of Enron as a reason to postpone action on the bill, but Rep. Rick Boucher, the ranking Democrat on the subcommittee, said it went deeper than that.

"It was issues at the heart of (the administration) scheme for deregulation of wholesale power markets that necessitated this postponement," he said.

Lawmakers on both the committee and the subcommittee are still at odds on such issues as the ultimate jurisdiction of the Federal Energy Regulatory Commission, plans that would allow condemnation of land for transmission corridors, and the nature and size of regional transmission organizations.

As a result of Enron's downfall, a new issue has entered into the deliberations of Barton's committee, that of accounting rules for energy traders. FERC, the Securities and Exchange Commission, and committees in both houses of Congress are investigating unusual accounting practices that some say led to Enron's failure.

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