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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

Edison Could Finish Construction on Redlands Plant

LCG, July 18, 2003--A new subsidiary of Southern California Edison could own and operate a partially completed power plant near Redlands under a cost-of-service arrangement, if regulators approve of the utility's plan to purchase the project.

The plant, with planned capacity of 1,054 megawatts, was begun by AES Corp., which halted construction due to its poor financial position. Edison, which last built two generating units at the Cool Water plant near Barstow in 1978, sold all of its gas-fired generating units as part of 1996 deregulation legislation, while retaining hydro, coal and nuclear facilities.

The Redlands plant would come online by 2005, according to Edison's plan. Due to the fact that construction would not have to be started from scratch, the costs to ratepayers could be lower than it would be otherwise, according to Edison's president, Bob Foster, and the president of the California Public Utilities Commission, Michael Peevey, who is a former president of Edison. Edison now purchases two-thirds of the power it sells, and generates the remaining one-third from its own capacity.
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