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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

Florida Power 530 Megawatt Plant Approved

LCG, Dec. 22, 2000--Florida Power Corp. said yesterday the Florida Public Service Commission has unanimously approved its request for permission to build a second 530 megawatt natural gas-fueled, combined-cycle power plant at the company's Hines Energy Complex in Polk County, east of Tampa.

The company said the new unit, scheduled to be in service by the end of 2003, will be a sister to the already operating Hines Unit 1 which began operations last year. The new Hines Unit 2 will be built by Siemens-Westinghouse, Florida Power said.

"Building Hines 2 is just one of the many ways Florida Power will meet its commitment to customersto provide competitively priced, reliable energy as the region continues to grow," said Florida PowerPresident William Habermeyer. "This new power plant ensures that we will be able to meet the growing energy needs of our customers."

There remains a regulatory hurdle for the new plant which requires Supplemental Site Certification from the Florida Department of Environmental Protection. The company filed for the certificate this last July and expects approval before next summer.

In California, that would take two or three years.

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