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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

Another New Coal Plant for Florida

LCG, September 20, 2006--A group of community-owned, power entities filed for a certificate of need determination yesterday with the Florida Public Service Commission (FPSC) in order to construct an 800-MW, coal-fired power plant in Taylor County, Florida. The project, estimated to cost $1.5 billion, is scheduled to be completed in 2012.

The project, named the Taylor Energy Center, would be jointly owned by four electric utilities: Florida Municipal Power Agency (FMPA), JEA, Reedy Creek Improvement District, and the City of Tallahassee. The utilities are acting to serve the growing demand for electricity and to diversify their fuel portfolios, which have tended to rely on natural gas.

In another positive step for the project, the Taylor County Board of County Commissioners unanimously voted yesterday to accept a multimillion-dollar community contribution from the Taylor Energy Center.

With support from the FPSC, a number of proposed coal-fired plants are gaining momentum in Florida. Last week, Florida Power and Light (FPL) announced plans to construct the Glades Power Park, a coal-fired electric generating facility to be sited in Glade County, Florida. The proposed plant would consist of two units, each with a capacity of 980-MW. To achieve an efficient system with low emissions, FPL proposes to use an ultra-supercritical design, together with advanced emission controls. The schedule calls for a five-year construction period, with Unit 1 operational in 2012 and Unit 2 in 2013.

In July, the FPSC gave unanimous consent to a new, 750-MW coal-fired power plant proposed by Seminole Electric Cooperative, Inc. (Seminole). Seminole had filed a Certificate of Need to construct the electric generating unit in Putnam County, Florida with the FPSC in March. The schedule calls for commercial operations to commence on May 1, 2012. The power from the new plant is needed to meet the growing electric load of Seminole's ten member cooperatives.

Another planned, coal-fired power plant in Florida is the joint development project between Southern Company and Orlando Utilities Commission to construct a new, advanced integrated gasification combined cycle (IGCC) facility at the Stanton Energy Center. This project is expected to receive $235 million of Department of Energy (DOE) funding and be operational in 2010. The DOE released a draft environmental impact statement supporting the project last month.





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