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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

KU & LG&E Moving Forward on New Combined Cycle Plant at Cane Run

LCG, August 21, 2012--Louisville Gas & Electric (LG&E) and Kentucky Utilities (KU) recently awarded PCL Industrial Construction (PCL) and Black & Veatch a $583 million contract to design and build a new natural gas-fueled power plant at the Cane Run Station, located in southwestern Louisville.

LG&E and KU announced plans for the combined cycle plant last September. The project is intended to offset in part the retirement of coal units at Cane Run, Green River and Tyrone Stations caused by new federal regulations imposed by the Environmental Protection Agency (EPA). The coal-fired units are scheduled to be retired by 2016.

The companies requested in a Certificate of Public Convenience and Necessity (CPCN) filed last September with the Kentucky Public Service Commission approval to build a 640-MW, natural gas-fired combined cycle generating unit at Cane Run Station.

The new Cane Run facility will incorporate Siemens advanced technology gas turbines and will provide approximately 660 MW of electric generating capacity.

Commercial operation of the Cane Run Station began in 1954. Three of its six coal-fired units are now retired; the remaining Units 4, 5 and 6 provide a combined net generating capacity of 563 MW.


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