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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

Calpine Cancels Sonoran Pipeline

LCG, Feb. 19, 2002--A $1.7 billion natural gas pipeline planned by Calpine Corp. and Kinder Morgan Energy Partners will not be built, according to representatives of the joint venture.

Calpine said shipping contracts with other companies could not be obtained. Furthermore, it said it had not spent "significant capital" on the Sonoran pipeline project, which was to have been operational in 2004. It would have brought gas from New Mexico's San Juan Basin to locations near the southern California border.

Calpine has been watched closely by investors after its debt was downgraded by the major rating agencies, and is seeking to obtain a $350 million credit line as it reigns in planned spending.

Another pipeline being developed by Calpine is meant to serve the Otay Mesa power plant near San Diego and is now expected in July 2003, later than expected.

According to the California Public Utilities Commission, lower usage of natural gas by gas-fired electricity generators has led to a 11% decrease in demand within the Southern California Gas Co. system. Wayne Andrews, an analyst with Raymond James & Associates Inc. in Houston said that pipeline capacity could be fully utilized when demand and economic conditions return to normal. After commenting that the "gas crisis" was not solved in California, he said "we just got a downturn in the economy. Natural gas consumers used fuel oil or anything else they could in reaction to the high prices."
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