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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

California Fines SoCal Gas $3.5 Million

LCG, Sept. 11, 2000California regulators have fined Southern California Gas Co. $3.5 million for allegedly bilking 500 property owners out of fair value for mineral rights and then lying about it to the California Public Utilities Commission.

The fine was part of a settlement agreement reached with the utility Thursday that will allow the property owners to unwind their deal with the company. SoCal Gas agreed to the settlement without admitting wrongdoing.

SoCal Gas is a subsidiary of Sempra Energy Inc. and a sister company to San Diego Gas & Electric Co. which has had regulatory problems of its own as consumers have seen their electric bills more than double this summer.

The $3.5 million fine will go to the state, and not the property owners. In voting unanimously to fine the company, regulators conveyed the impression they didn't like being misled. Details of the utility's mendacity were not disclosed.

As part of the settlement, Sempra must develop an ethics course for employees of SoCal Gas and its other subsidiaries.
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