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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

Ballot Initiative Scheduled on Takeover of Nevada Power

LCG, July 3, 2002--Commissioners for Nevada's Clark County voted yesterday to include a nonbinding ballot initiative in November elections that could lead to Nevada Power being subject to a municipal takeover.

The question to appear reads, "Should the Nevada Legislature take appropriate action to enable the electrical energy provider for Southern Nevada to be a locally controlled, not-fo-profit public utility?" A takeover would not be possible without a change in the law being enacted by the Nevada Legislature.

A Nevada Power spokeswoman, Andrea Smith, said the company would probably fight the ballot initiative, while the Las Vegas Chamber of Commerce said it opposed the ballot iniative on philosphical grounds.

Commissioners expressed disagreement over the timing of a ballot initiative. Bruce Woodbury, who cast the single dissenting vote, noted that prior to the vote, a ballot initiative had always been preceded by a study of the issue at hand. One reason for the lack of support for a study among Commissioners voting in support of the initiative may have been the possibility that the Legislature could renew a law that requires Nevada Power give approval to a municipal takeover.

Commissioner Myrna Williams said a study would take two to four years, and indicated that she thought rates could decline if a takeover took place. Commissioner Woodbury said that several issues were open to question, including effects on property tax revenues, the means by which a takeover would occur, and whether rates would in fact go down.
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