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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

Bankruptcy Court Okays PG&E Payment to Calpine

LCG, Dec. 26, 2001--Calpine Corp. said Monday that the U.S. Bankruptcy court in San Francisco has approved payment of more than $265 million by Pacific Gas & Electric Co. for electricity sold to Calpine between December 2000 through April 2001.

Calpine said without elaboration that the back bills were those of its "qualifying facility" affiliates. The company was likely referring to The Geysers, 14 geothermal power plants purchased from PG&E in May, 1999 for $212.8 million.

The Geysers, located about 90 miles northeast of San Francisco in Sonoma and Lake counties, is the world's largest producing geothermal resource, with more than 1,000 megawatts in production. It has been in operation for 39 years and Calpine has been active there since 1987.

The court's order calls for PG&E to make monthly payments to Calpine beginning this coming December 31 and continuing until the earlier of Nov. 30, 2002, or the date when PG&E's plan of reorganization becomes effective.

Calpine said it planned to sell the receivables in order to generate cash proceeds in this calendar year.

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