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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

Federal Judge Orders NRG to Keep Supplying CL&P

LCG, July 1, 2003U.S. District Judge Richard Casey denied NRGs motion to cease providing electricity to Connecticut Light and Power.

Northeast Utilities Connecticut Light & Power currently gets 45 percent of its power from NRG.

NRG, part of bankrupt Xcel Energy Incorporated, notified CL&P that it would stop providing electricity to the utility because the company said it lost $500,000 per day by doing so. The three year contract between the company and utility is valid until the last day of this year.

CL&P asked the Federal Energy Regulatory Commission to prevent NRG from ending its contract with the utility, and FERC initially ordered the contract to be upheld until a decision could be made.

While the court responsible for NRGs Chapter 11 filing has found that NRG could exit its contract, FERC again forced the company to uphold service to CL&P last week. NRG tried to stop FERCs order by going to the U.S. District Court of Manhattan, where Judge Casey ruled that, according to the Federal Power Act, only the federal Court of Appeals could upend FERCs decision.

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