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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

Maine PUC Approves Agreement Supporting Off-Shore Wind Test Project

LCG, January 22, 2014--The Maine Public Utilities Commission (PUC) approved an agreement between the State and Maine Aqua Ventus to support Maine Aqua Ventus in its effort to receive a $50 million federal Department of Energy grant in May for an off-shore wind test project.

The University of Maine, the Maine construction firm Cianbro and the Nova Scotia-based energy company Emera, operating under the name Maine Aqua Ventus (MAV), are seeking to test two, 6-MW wind turbines approximately 2.9 miles off the southern coast of Monhegan Island in the Gulf of Maine. The test project potentially could be expanded to a 500 MW off-shore wind farm. The off-shore turbines would be connected to Monhegan Island and to the Central Maine Power (CMP) transmission grid at Bristol via undersea cables.

Under the term sheet approved by the PUC, CMP will purchase electricity produced by the two turbines at a cost likely higher than the market rate, with CMP ratepayers covering the higher cost. Final terms will be developed later this year and will require PUC approval.

"We appreciate that the PUC has seen the benefits of this project, long-term, not only for Maine but ... the impact it can have on the U.S. as a whole," said Habib Dagher, director of the Advanced Structures and Composite Center at University of Maine.
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