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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

Enron Threatens to Back Out of India Project

LCG, April 10, 2001Enron Corp. of the U.S. yesterday issued to the Indian state of Maharashtra a "political force majeure" notice, constituting a warning that it could withdraw from the $3 billion Dabhol Power Project, where it is locked in a bitter payments dispute with the Maharashtra State Electricity Board.

The 2,364 megawatt plant represents the largest foreign investment in India. Enron's possible exit would damage India's credibility with foreign investors, especially after four other companies withdrew from Indian power projects because of endless red tape and corruption on the state electricity boards.

The U.S. firm Cogentrix withdrew from a project in December 1999 after waiting seven years for approvals that never came. Those approvals might have been received promptly had Cogentrix been willing to bribe government officials.

Enron is owed 2.25 billion rupees ($48 million U.S.) by the MSEB for December power deliveries, and had to resort to India's sovereign guarantees to get paid for October and November. The MSEB countered by fining Enron 4.02 billion rupees for "technical under-performance" and told Enron it could deduct the past due electric bill from its fine.

Enron said the MSEB's fine was "frivolous and a diversion."

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