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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

FPL Informs Community of Plans for New Coal Plant

LCG, February 16, 2005--Florida Power & Light (FPL) met with residents of Carlton to discuss FPL's plans to develop a new, coal-fired power plant in the Bluefield area to supply the ever-growing demand for electricity in Florida. FPL has targeted an operational date of 2011 or 2012.

FPL is not the only energy company exploring the development of new, coal-fired generation in Florida. Orlando Utilities Commission (OUC) and Southern Power, the unregulated subsidiary of Southern Company, are planning the development of a 285-MW, advanced coal plant to be built at OUC's existing Stanton Energy Center near Orlando, Florida. The project will receive a $235 million federal grant from the Department of Energy (DOE), and operations are planned to commence in 2010. Gainesville Regional Utilities (GRU) also plans to build a new, coal-fired plant, with operations planned for 2011. The Florida Public Service Commission also appears to be warming up to coal, as it issued a new study in December 2004 regarding the outlook for new coal-fired generation.

To meet Florida's load growth, most new generation planned in Florida will rely on natural gas. In response to the rising demand for gas to fuel new generation, extraordinary new gas infrastructure has been added, with plans for additional capacity as well. The Gulfstream pipeline was placed into service in May 2002. The pipeline, a joint development between Williams and Duke Energy, added 1.1 Bcf/day of new pipeline capacity and is the first new natural gas pipeline into Florida in over 40 years. The pipeline receives gas from Mobile Bay, East Louisiana and Mississippi before crossing more than 400 miles of the Gulf of Mexico.

The next big investment to deliver gas into Florida is a proposed LNG terminal in the Bahamas. The plan is for LNG received from Qatar to be deliquified at a terminal in the Bahamas and delivered to Florida via an underwater pipeline (either via the proposed Seafarer or Calypso pipeline project). Agreements are already in place between El Paso and FPL Group affiliates for 800,000 MMBtu/day of pipeline capacity. FPL appears to be well-positioned to utilize either gas and coal.

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