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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

Suits Over Alleged Pipeline Practices Can Be Heard in California

LCG, Oct. 18, 2002--A group of civil lawsuits against El Paso Corp., Southern California Gas (SCG) and San Diego Gas & Electric (SDG&E) are being allowed to proceed in California rather than under Federal Energy Regulatory Commission (FERC) jurisdiction, based on a ruling by San Diego Superior Court Judge Richard Haden.

Plaintiffs contend that a trial before a jury in California, beginning as early as September 2003, could result in penalties of three times damages, up to $1 billion, if the suits are successful. Sempra, the parent of SCG and SDG&E, has acknowledged that a meeting between representatives of the three companies took place in an Arizona hotel in 1996, at which it has said there was discussion of keeping gas prices from becoming burdensome to consumers. The lawsuits contest that representation, and argue that projects to build pipelines into California were cancelled based on the meeting, in order to raise gas prices.

The Sempra companies hoped to have seven lawsuits in which they are cited heard before FERC, according to Denise King, a Sempra spokeswoman. According to Judge Haden's ruling, FERC, which has jurisdiction over interstate gas and power commerce, is not a proper adjudicator in the matter, as California's anti-trust statutes would be the standard used.

In a separate case, El Paso was found by an administrative law judge, Curtis Wagner, to have withheld available gas supplies during the energy crisis in 2000 and 2001. El Paso has denied Wagner's ruling, and said regulators such as Wagner should not be "second guessing" its maintenance activities.
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