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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

FERC Judge Rules in Favor of PG&E Utility

LCG, September 3, 2002Federal Judge Vaughn Walker ruled late Friday that California utility Pacific Gas & Electric can circumvent state laws in order to recover from bankruptcy.

PG&E utility declared bankruptcy last year after high wholesale electricity prices and retail price caps left the utility financially unsound.

The utility came up with a plan to spread its assets to four companies, three of which would fall out of the jurisdiction of state regulators even though the assets were paid for with public money.

The U.S. District judge ruled that the utility could create the three companies without state approval and without environmental evaluation.

The California Public Utilities Commission, which opposes the utilitys plan, will appeal the decision, fearing that other companies may take advantage of the ruling to evade state regulation.

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