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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

Magnolia Power Plant Approaches Commercial Operations

LCG, June 10, 2005--Six Southern California cities celebrated late last week the completion of the Magnolia Power Plant, a 310-MW, electric generating station located in Burbank, California. Commercial operations of the $234 million plant are scheduled to begin next month.

On behalf of the six participating cities, the Southern California Public Power Authority, a joint powers agency, is serving as the projects owner and financing agent. The generation from the plant will be divided amongst the following cities: Anaheim, Burbank, Glendale, Pasadena, Cerritos, and Colton. Each city will schedule their own power output with Burbank for every hour of every day.

The plant will provide a source of power located near the electric loads of the cities, which will reduce reliance on long-distance transmission lines and susceptibility to transmission congestion.

The new, gas-fired, combined-cycle plant is located on the same site where a power plant was built in 1941. The new plant will use reclaimed water from a wastewater treatment plant for cooling and will have zero liquid discharges from the plant. In base-load operation, the unit will generate 242 MW. With the use of duct firing and steam injection, plant capacity can be increased up to 310 MW to meet peak demands.

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