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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

PG&E Signs Agreement for Wind Power from Oregon

LCG, August 22, 2008--Pacific Gas and Electric Company (PG&E) yesterday announced that it has executed a long-term power purchase agreement (PPA) with Klondike Wind Power III LLC, a subsidiary of Iberdrola Renewables, for the power from the Klondike wind facility in Sherman County, Oregon. Deliveries from the 90-MW wind farm are scheduled to commence in December of this year.

Last Friday PG&E announced that it executed two contracts for solar electricity generation totaling 800 MW of photovoltaic (PV) capacity. Construction of both solar farms is scheduled to begin in 2010.

At the southern end of California, PG&E's neighbor, Southern California Edison (SCE), announced Monday that it had executed a 20-year contract with DCE, an affiliate of Caithness Energy, for power from another Oregon wind project, Shepherd?s Flat. This new project will include 303 wind turbines with a combined electric generating capacity of 909 MW. The turbine installation is scheduled to occur in the years 2011 and 2012.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year, with a 20 percent renewables target by the end of 2010 and a 33 percent target by the end of 2020.
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