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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 Releases El Paso Pipeline Strategy Papers

LCG, December 3, 2002-Accusing the El Paso Corporation of intentionally withholding gas supplies during California's energy crisis, FERC released potentially incriminating documents yesterday during a hearing.

El Paso Corp. is currently in court over its possible involvement in manipulating pipeline supply to California.

The Federal Energy Regulatory Commission released documents yesterday referring to El Paso's business plans, which until now had been kept confidential.

One memo showed that, during a meeting in February of 2000, El Paso officials had talked about methods of leaving pipeline capacity idle in order to increase profit.

Other, April 2000 documents referred to widening the basis spread, the difference between California border prices and more easterly regions' prices. The same memo discussed moving supply to Arizona or Mexico, away from California.

Many gas purchasers and politicians have alleged that El Paso reaped immense profits from withholding pipeline capacity, although El Paso continues to deny any wrongdoing.

Californian utility attorneys say that El Paso had an obligation to bring 3,290 million cubic feet of gas per day, and that the company only offered 75% of that, delivering less than was possible in order to increase gas prices. Some say even the addition of a small amount of gas would have resulted in more affordable prices and ultimately would have led to cheaper electricity prices as well.

El Paso Corporation's Pipeline Group is the largest pipeline company in the country and owns over 48,000 miles of pipeline.

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