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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

Buena Vista Wind Project Delivers Power to PG&E

LCG, January 11, 2007--Pacific Gas and Electric Company (PG&E) announced yesterday that it is receiving power from the Buena Vista Energy, LLC Wind Project located in the Altamont pass area east of San Francisco, California.

The Buena Vista Energy, LLC Wind Project, has a capacity of 38 MW and was developed by Babcock & Brown's North America Infrastructure Group. The project includes 38, one-megawatt turbines made by Mitsubishi Power Systems.

In April 2005, PG&E submitted the long-term power purchase agreement associated with the project to the California Public Utilities Commission (CPUC) for regulatory review.

The State of California's Renewable Portfolio Standard (RPS) Program, which is managed by the CPUC and the California Energy Commission, requires each utility to increase its procurement of eligible renewable generating resources by 1% of load per year to achieve a 20% renewables goal. PG&E states that it currently provides over 13% of its energy from renewable resources that qualify under California's RPS Program.
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