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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

El Paso Corp. Files Partial Settlement

LCG, June 5, 2003-Subsidiaries of natural gas pipeline company El Paso Corporation filed a structural settlement with the Federal Energy Regulatory Commission.

Several bodies from Western states have claimed that El Paso manipulated natural gas flow, resulting in high gas prices and contributing to the energy crisis of 2000/2001.

In March El Paso agreed to pay $1.7 billion worth of settlements regarding these claims, and the company said yesterday that settlements are in their final stages.

The settlements, filed by natural gas and merchant energy units El Paso Natural Gas Company, El Paso Merchant Energy Company, and El Paso Merchant Energy - Gas, L.P.,, were submitted to the FERC along with the California Public Utilities Commission, PG&E Utility, the city of Los Angeles, and Southern California Edison.

El Paso Corporation is the nation's largest pipeline company, with 58,000 miles of pipeline, in addition to drilling and energy assets.

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