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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

Clean Coal Power Plans Coal Gasification and Power Plant Project

LCG, October 8, 2002-Clean Coal Power Resources, Inc. said that it will begin a $4.5 billion project involving the construction of a power plant, coal mine, and a coal gasification plant in Illinois.

The company has chosen its Fayette County site in rural Illinois because of local coal reserves and the region's coal industry history. CCPR has already made a payment of $250,000 to the county for a 99-year coal mining lease and estimates it will hire roughly 1,600 workers on a permanent basis.

The mine's construction will see the hire of an additional 250 workers, while 4,000 workers will be needed to complete the gasification and power facilities. According to CCPR, the county has a significant number of laid off coal miners because of area coal facility closings.

Gasification of coal, which reportedly yields a much cleaner-burning fuel than the original coal, is touted as an up-and-coming important energy source for the country. The U.S. has considerable coal reserves which cannot feasibly be used to expand coal-fired power significantly because of environmental restrictions.

The process of gasification of coal yields chemicals and synthetic gas, or syngas, which can be burned as a fuel. The company's planned on-site combined-cycle plant will burn syngas produced by the coal mine and gasification plant. The gasification plant, comprised of six Fischer-Tropsch reactors, is estimated to produce daily 32,333 barrels of naphtha and 64,666 barrels of Fischer-Tropsch diesel.

The permitting process for the facility is expected to begin by the end of 2002, and construction will commence next year.

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