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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

Santee Cooper's Cross Unit 3 Approaches Testing and Commercial Operations

LCG, October 18, 2006--Santee Cooper plans to initiate testing next week of its new, 600-MW electric generating unit at the Cross Generating Station, which is located about 50 miles northwest of Charleston, South Carolina. Commercial operations are expected to commence on January 1, 2007.

The new unit, Unit 3, is a coal-fired unit like the existing two units that have a combined capacity of 1,160 MW. Another 600-MW unit is under construction and is scheduled to commence operations in January of 2009. The estimated costs of Unit 3 and Unit 4 are $675 million and $755 million, respectively. Santee Cooper is also planning another coal-fired plant (Pee Dee Unit 1), which is scheduled for operations in 2012.

The new coal plants represent a return to building coal-fired electric generating stations rather than gas-fired, combined cycle units in the Southeast. With relatively rapid customer growth rates and a long-term perspective, Southeast utilities are planning to build a number of new coal plants. For example, Florida Power and Light (FPL) recently 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. The schedule calls for Unit 1 to be operational in 2012 and Unit 2 in 2013.

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

Seminole Electric Cooperative, Inc. also plans to build a 750-MW coal-fired plant in Putnam County, Florida that is scheduled to commence operations on May 1, 2012. The power from the new plant is needed to meet the growing electric load of Seminole's ten member cooperatives.

Furthermore, there 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.
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