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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 Forces NRG to Meet Connecticut Contract

LCG, May 19, 2003-The Federal Energy Regulatory Commission ordered cash-strapped energy company NRG Power Marketing to supply Connecticut Light & Power Co. with power.

NRG, a subsidiary of Xcel Energy Inc., filed for Chapter 11 on Wednesday of last week. NRG Power Marketing notified Connecticut Light & Power (CL&P) that it did not intend to meet its contract with the utility starting Monday May 19. NRG justified this intention by stating that CL&P had breached contract in August 2002.

CL&P has a contract with NRG through this year. NRG supplies 45 percent of its retail electricity.

Thursday, the Connecticut Department of Public Utility Control and the Connecticut Attorney General asked FERC to order NRG Power Marketing to continue service.

FERC found the period between last week Wednesday and today too short to evaluate NRG's intended cessation of supply. The commission ordered service to continue to the Connecticut utility as stated in the contract until FERC has made a decision on NRG's claims. FERC also asked NRG to send a response within 10 days.

NRG and the utility disagreed over transmission line congestion charges last August, and the utility withheld roughly $20 million worth of payments. NRG bases its breech of contract charges on this August 2002 withholding and has separately asked the bankruptcy court to nullify the contract.

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