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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

Judge Sets Date for Vote on Bankrupt PG&E

LCG, March 27, 2002-June 17 is the tentative date for ballots to be sent to PG&E creditors, as chosen by U.S Bankruptcy Judge Dennis Montali. Creditors will be given an opportunity to vote on how PG&E's bankruptcy will be dealt with.

Two plans have been proposed regarding how to facilitate PG&E's emergence from bankruptcy. The company has an estimated $13.2 billion debt and filed for bankruptcy protection in April of last year.

PG&E suggested redistributing many of its assets into newly created subsidiaries. It plans to have 3 of four new companies answer to the more lenient Federal Energy Regulatory Commission (FERC) instead of the California Public Utilities Commission (PUC).

The PUC formulated an alternate plan based on refinancing, similar to what was done to bail out Southern California Edison. The PUC also wants to keep PG&E's hydro and nuclear power under state oversight.

While no dates have been solidified, the vote should allow PG&E to come out of bankruptcy by its 2003 goal.
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