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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

Texas Clean Energy Project Gains Momentum with New Agreement

LCG, June 22, 2011--Summit Power Group (Summit) Monday announced that CPS Energy, the municipally owned natural gas and electric utility of San Antonio, will enter into a 25-year power purchase agreement (PPA) with Summit's Texas Clean Energy Project for 200 MW. The current schedule calls for groundbreaking to commence by the end of this year, with operations to commence in late 2014 or early 2015. The project site is located in Penwell, Texas, near Odessa.

The Texas Clean Energy Project (TCEP) will be a coal-fired, 400-MW, Integrated Gasification Combined Cycle (IGCC) facility that will incorporate carbon capture and storage (CCS) technology. The TCEP design calls for capturing 90 percent of the carbon dioxide (CO2) emissions, which will be compressed, transported via pipeline, and injected underground to support enhanced oil recovery (EOR) in the West Texas Permian Basin. The project will also produce urea for the U.S. fertilizer market, and TCEP states that it has already marketed the CO2 and urea products.

In June of last year, TCEP initiated the Front End Engineering Design Study (FEED) with Siemens, Fluor Corporation and Selas Fluid Processing Corporation, a Linde Group subsidiary, and in December, TCEP received its final air quality permit from the Texas Commission on Environmental Quality (TCEQ).

On Monday, a Department of Energy spokesperson stated, "The U.S. Department of Energy applauds CPS Energy for its progressive energy stance that includes voluntarily phasing out old coal plants and replacing them with cleaner, low-carbon technologies such as the Texas Clean Energy Project, a DOE-sponsored, breakthrough, clean-coal project." TCEP was awarded $450 million by the DOE in 2010.
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