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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

Corona City to Take Over Power Assets

LCG, December 3, 2002-After a year and a half of discussion, Corona City's Council has voted unanimously to take control of the distribution of electricity within its city limits.

Corona City, located just south of Los Angeles, has decided to use the power of eminent domain to buy out distribution inside the city and create its own municipally owned system. Initially inspired by the high prices of electricity during the power crisis of 2000/2001, on November 21 the city offered Southern California Edison, which owns the distribution assets, $70.2 million for them.

Edison did not respond to the offer and will most likely dispute the value of the assets with the city in court.

EES Consulting prepared an independent report that found a 15% rate reduction through 2012 if a municipal distribution system was established.

While Edison has stated that the study's findings are inaccurate, Corona officials have decided to go ahead with the formation of a municipal system.

Southern California Edison serves 11 million people in Southern California.

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