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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

Newsmakers

Four senior executives have been appointed by the AES Corporation to the position of Chief Operating Officer, under the leadership of Dennis Bakke, president and chief executive officer. The four men, who will retain the title of Executive Vice President, are Paul Hanrahan (Growth Distribution), John Ruggirello (Contract Generation), J. Stuart Ryan (Competitive Supply), and Barry Sharp (Large Utilities). Each will have regional responsibilities. Three former vice presidents of AES Corp. have been promoted to senior vice president: William Luraschi, General Counsel; Shahzad Qasim, AES Oasis Group Manager, and Sarah Slusser, AES Aurora Group Manager.

James H. Oglesby has been promoted to president and chief operating officer of the Southern Union Company's Missouri Gas Energy (MGE) division. Oglesby, who joined MGE in 1968, was made the chief operating officer of the division in September.

New positions in risk management have been created by American Electric Power. The company has named Scott N. Smith senior vice president and chief risk officer; Stephan T. Haynes vice president - market risk oversight; Frank Hilton vice president and chief credit officer; and Douglas W. Payne, managing director - risk and insurance management.

CH Energy Group has appointed Stephen V. Lant Chief Operating Officer and elected him to the corporation's board of directors. CH Energy Group is the corporate parent of the utility subsidiary Central Hudson Gas & Electric Corporation and the the non-regulated divisions Central Hudson Energy Services.

Premcor Inc. has announced the appointment of Thomas D. O'Malley to the positions of chairman, chief executive officer, and president. O'Malley joined Premcor from Tosco Corporation, where he served as chairman and chief executive officer. He most recently served as vice chairman and a director of Phillips Petroleum when Tosco was acquired in September 2001 by Phillips Petroleum.

William Bowers has been appointed vice president of Environmental Affairs at Alabama Power. Bowers was most recently general manager of environmental affairs at Alabama Power, having joined Alabama Power in 1971.

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