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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

Dominion Virginia Acquires Calpine Interest in Plant

LCG, August 4, 2003--Calpine has arranged to sell its 50 percent interest in the Gordonsville power plant to Dominion Virginia, which currently purchases power from the plant under a long-term contract.

The deal was considered necessary by Calpine to improve its liquidity. It will realize a cash payment of $31.5 million, part of which is a $5.5 million return of debt-service reserve from the project.

The deal will need to be granted regulatory approval before being finalized. According to Calpine's spokeswoman Katherine Potter, Dominion Virginia, a subsidiary of Dominion Resources Inc., plans to pay off $44 million of non-recourse debt connected with the project that it would assume as part of the sale.
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