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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

Duke Energy Celebrates New Combined Cycle Facility at W.S. Lee Station

LCG, June 6, 2018--Duke Energy celebrated on Friday the opening of the 750-MW combined-cycle natural gas plant at the W.S. Lee Station in Anderson County, South Carolina. The new electric generation facilities began serving customers on April 5, 2018. The Public Service Commission (PSC) of South Carolina approved the $700 million project in 2014, and construction of the new plant started in March 2015. The North Carolina Electric Membership Corp. owns 100 MW of the unit's energy capacity.

The chairman, president and CEO of Duke Energy stated, "Highly efficient natural gas plants - like W.S. Lee - are helping us deliver a cleaner, smarter energy future for our customers. South Carolina is important to Duke Energy, and new investments like this further our commitment to power this community with reliable, affordable energy - while continuing to be a partner that's helping prepare the region for future growth."

The W.S. Lee Station has delivered power to the region since 1951. Duke Energy closed two coal-fired units at the W.S. Lee Station in 2014 and converted a third coal unit to natural gas in 2015. The company now no longer operates any coal plants in South Carolina.

The new combined-cycle natural gas facilities at W.S. Lee Station will generate energy more efficiently and release significantly lower emissions than coal-fired units. For example, nitrogen oxides, sulfur dioxide and other emissions are expected to drop by 87 percent overall in comparison to the station's previous coal-fired operation.
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