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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

New York's LIPA Delays Decision On KeySpan Generators

LCG, Feb. 27, 2002--New, undisclosed information has caused the New York State-owned Long Island Power Authority to forego making a decision at its regular Feb. 28 meeting on whether to buy power plants on Long Island from KeySpan.

Rather, the Board of Trustees will hold a special meeting on March 12. Under an agreement with KeySpan, which was formed by the merger of Brooklyn Union and Long Island Lighting Co. (LILCO), LIPA would need to purchase all or none of the plants.

Currently, LIPA owns Long Island's transmission and distribution system, which it acquired from the financially distressed LILCO. KeySpan owns Long Island-based natural gas assets in addition to the generating plants valued at about $1.5 billion. The plants have a capacity of about 4,000 megawatts, which can supply approximately four million homes.

If LIPA acquired the plants, it would not have to pay federal income taxes as KeySpan does, which could lower rates. A committee that recommended the purchase found that LIPA would be more likely than KeySpan to sell the plants, which could increase competition. If two-thirds of the Board approves the purchase by the deadline of May 27, the state Public Authorities Control Board would also need to give its approval. That agency tracks debt levels for public benefit corporations, of which LIPA is one.
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