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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

FERC Approves AES Sparrows Point LNG Terminal

LCG, January 16, 2009--The Federal Energy Regulatory Commission (FERC) yesterday approved the proposed Sparrows Point LNG (liquefied natural gas) Terminal, together with the connecting interstate pipeline designed to receive and deliver 1.5 Bcf/day of natural gas to Northeast and Mid-Atlantic energy markets. The LNG terminal and pipeline are proposed by subsidiaries of The AES Corporation.

The site for the proposed LNG terminal is at Sparrows Point, southeast of Baltimore in Baltimore County, Maryland. LNG tankers will deliver liquefied natural gas to the terminal, where there will be storage capacity of up to 480,000 cubic meters of LNG. The gas will be vaporized at the terminal and transported via pipeline to the natural gas transportation network for use throughout the Mid-Atlantic and Northeast energy markets.

The Mid-Atlantic Express pipeline project will extend in a northeasterly direction approximately 88 miles and will use 30-inch diameter pipe. The route will follow existing utility and/or roadway rights-of-way to the maximum extent practicable.

The FERC voted 4-1 to approve the project, and the approval includes 169 conditions that will protect public safety and mitigate any adverse environmental impact.

The project was approved over opposition from Maryland's congressional delegation, which requested the decision be delayed until the President-elect takes office. Stated concerns included that the LNG facility would pose a security risk and threaten endangered Chesapeake Bay species.
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