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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

Settlements Said to Be Near on California DWR Contracts

LCG, Aug. 30, 2002--Of the energy suppliers now discussing revised terms for long-term power contracts signed by the Department of Water Resources, Sempra and another unspecified company are close to reaching settlements, according to Federal Energy Regulatory Commission administrative law Judge Curtis Wagner.

Lawyers for Sempra, Coral Power (a unit of Royal Dutch/Shell), PG&E Energy Trading and El Paso Corp. have agreed to another settlement conference in Washington late next month, while four or five companies have not settled either officially or in principle. Williams Cos. and GWF Energy, partly owned by PSEG Global, have said they plan to settle. Morgan Stanley and Allegheny Energy Inc. are not in renegotiation discussions.

Settlement talks will continue out of court, although in some cases, the beginning of adjudicated proceedings overseen by FERC may proceed along what Wagner has termed a "parallel track." This will imply simultaneous, informal talks. Disputes on contracts that are not resolved may be heard by another administrative judge on Dec. 2.
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