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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

Reliant Energy to Change Name, Split

LCG, Dec. 18, 2001--Reliant Energy Inc. said yesterday that it would change its name to Center Point Energy as part of a plan to split itself into two companies. The name change comes less than three years after "Reliant Energy" replaced "Houston Industries" as the company's name.

It is getting harder and harder to associate companies' names with bricks and mortar.

Since Houston Industries was formed as the holding company for Houston Lighting & Power Co., a regulated utility, and for other non-regulated activities, the company has operated as two separate businesses.

The new scheme will make it official. Under a plan approved by shareholders yesterday, Center Point Energy will become a holding company that will replace Reliant Energy on the New York Stock Exchange. It will own a regulated utility also called Center Point and an unregulated energy company called Reliant Resources.

It is uncertain how long the new setup will last. Reliant spokeswoman Sandy Fruhman said "We view the formation of Center Point as an interim step," but did not say on the way to what.

The split of the company is tied to electric deregulation in Texas, according to Reliant chief executive Steve Letbetter. "Both Center Point Energy and Reliant Resources will include sizable and well-established business operations," he said. "However, regulated energy delivery is very different from competitive energy services, and each represents a distinct type of investment."

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