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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.

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Industry News

Gas Storage Facility Construction Announced

LCG, Apr. 22, 2004--A planned natural gas storage facility to be in a salt cavern will proceed towards construction, according to SGR Holdings, LLC's subsidiary SG Resources Mississippi, LLC (SGRM), following FERC and Fish and Wildlife Service approvals.

The facility, intended for Greene County, Mississippi, will provide firm and secondary firm storage at market rates. and have interconnects with Destin Pipeline Company, LLC, and Florida Gas Transmission Company (FGT) installations, among others. Mark Cook, a principal of SGRM, said "The Southern Pines Energy Center is ideally located to serve as a supply and storage market hub for seven major pipelines serving Florida and the southeastern and Mid-Atlantic United States." Cook commented the Center could enhance the infrastructure available to serve Florida, the Southeast and Mid-Atlantic.

SGR plans to be operating the storage site by late 2005, and complete the 12 billion cubic feet of capacity by 2006. It would permit withdrawals of as much as 1.2 Bcf each day, and injections of up to .6 billion cubic feet per day.
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