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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

Niagara Mohawk Cuts Rates to Gain Merger Approval

LCG, Jan. 18, 2001Merger partners Niagara Mohawk Holdings Inc. and National Grid Group Plc of the United Kingdom yesterday asked the new York State Public Service Commission to approve a merger between the two companies and tossed in a $132 million electricity delivery rate cut for Niagara Mohawk customers to make it more palatable.

"We hope this will smooth regulatory approval," Niagara Mohawk senior vice president William Edwards told a news conference. "It is reflective of what Niagara Mohawk and National Grid can do together."

The reduction in delivery charges would offset to some degree a rise later this year in charges for the electricity itself. Prices for power are forecast to rise between 8 percent and 12 percent in September.

Niagara Mohawk said it hopes to have state approval for the merger by June 1. Spokesman Nicholas Lyman said filings have been made with the Justice Department and the Federal Trade Commission. Approval will be sought from the Securities and Exchange Commission following receipt of state approval.

He said the companies would seek approval from the Federal Energy Regulatory Commission later this month or in February.

Niagara Mohawk Holdings is parent company of Niagara Mohawk Power Co., the second-largest combined natural gas and electric utility in New York.
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