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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

NRG Receives Air Permit for Big Cajun II Coal Plant

LCG, August 23, 2005--NRG Energy Inc. announced yesterday that it has received an air permit from the Louisiana Department of Environmental Quality to add a fourth electric generating unit at its Big Cajun II power plant. The planned generating capacity of the new unit is 675-MW, and the plant would consume low-sulfur coal from Wyoming.

Big Cajun II is located in Pointe Coupee Parish, Louisiana and currently provides 1,700-MW of coal-fired, generating capacity. The plant is owned and operated by Louisiana Generating LLC, a wholly owned subsidiary of NRG. NRG co-owns Big Cajun II's unit three with Entergy, which owns a 42 percent share.

The estimated cost for the new facility is $1 billion. NRG anticipates a four-year construction period for the project, with the new unit commencing operations in 2009. Prior to proceeding; however, additional permits are necessary, along with power purchase agreements with customers. Big Cajun II currently generates electricity for eleven Louisiana power cooperatives.

Governor Kathleen Blanco is lending her support to this proposal. Last month, she lent her support to two other proposals to develop base load generating capacity that are not fueled by natural gas, the price of which has been soaring. Last month, Cleco Power, the utility subsidiary of Cleco Corp., announced its plans to build a 600-MW, coal-fired power plant. Cleco filed plans for the project with the Louisiana Public Service Commission (LPSC) and anticipates the project to commence operations in 2009. NuStart Energy has also identified the River Bend Nuclear Station in Louisiana as a top-rated site for developing a new nuclear power plant.

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