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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

PG&E Corporation Given Loan Extension on $431 Million

LCG, October 22, 2002-Creditors of PG&E Corporation gave the company its second extension on its debt payments.

PG&E, parent to San Francisco Bay Area utility Pacific Gas & Electric, had been in communication with lenders for months in order to get more time to pay back $431 million in loans.

PG&E Corp. has been settling debts for unregulated affiliate PG&E National Energy Group, which saw its credit rating fall to junk status earlier this month. On Friday Moody's Investors Service downgraded PG&E National Energy Group's status as the company reported $21 million in losses in the third quarter.

PG&E Corp. asserts the extension, which gives the affiliate until November 14 to pay, will give it the liquidity necessary to operate for more than 3 years.

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