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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

FERC Approves First U.S. LNG Terminal in 20 Years

LCG, August 22, 2003Sempra Energy has receivedinformal environmental approval to construct the firstliquified natural gas terminal in the U.S. in 20years.

Sempra plans to build the facility in Hackberry,Louisiana, some 30 miles from the Louisiana-Texasborder. The site is projected to cost $700 million andwill be able to process 1.5 billion cubic feet perday. If constructed according to the expected timeframe, Hackberry will be up and running by 2007.
The company announced that the Federal EnergyRegulatory Commission (FERC) found the plansenvironmentally acceptable and issued a finalenvironmental impact statement asserting the facilitywould pose little environmental hazard. Sempra alsoneeds approval from the Army Corps of Engineers andLouisiana authorities before beginningconstruction.

The company expects official approval from FERC soon and sees no major obstacles toconstruction.
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