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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

Delayed Connecticut Plant Goes into Operation

LCG, Feb. 13, 2004--A 272-megawatt generating unit in Milford, Connecticut, for which construction began in 1999, yesterday started commercial operation.

A lengthy delay in construction was initiated by the plant's former owner, El Paso Corp., in 2000 after a construction worker died. El Paso defaulted on loans subsequently, and banks took possession of the plant at the end of last year. The firm Competitive Power Ventures (CPV) was retained to finish construction, and to operate the plant.

A second, 231-megawatt unit is expected to be completed in a few months, CPV vice president Peter Podurgiel told Reuters. CPV is majority-owned by Warburg Pincus LLC, a New York-based private investment company.
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