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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

Sithe Obtains Financing for Goreway Station in Ontario

LCG, February 3, 2006--Sithe Global Power LLC announced yesterday that its subsidiary, the Goreway Station Partnership, has closed financing on an approximately C$942 million construction facility for the 880 MW Goreway Station, located near Toronto. An engineering procurement and construction agreement with SNC-Lavalin Power Ontario Inc. has also been executed for the new power plant.

The Goreway Station will be a gas-fired, combined cycle plant that will incorporate General Electric's 7FB gas turbines. The station is scheduled to begin delivering power to the grid by June 2007 in single cycle mode, with full output from the combined cycle mode scheduled to occur by July 2008.
The station output will be purchased by The Ontario Power Authority (OPA), which has entered into a 20-year agreement with respect to the full output of the station. The additional power supply is critical given government commitments to retire existing coal plants and reduce emissions, including greenhouse gases.

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