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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

DOE Encourages Site Applications for New Nukes

LCG, Aug. 28, 2001--The U.S. Department of Energy in a notice in the Federal Register yesterday asked private energy companies to submit requests to have potential sites licensed for new nuclear power plants.

In a pilot program aimed at encouraging development of new nuclear generation, the DOE will use $700,000 to subsidize licensing of new sites by the Nuclear Regulatory Commission>

The program will help overcome "barriers affecting future near-term deployment of new nuclear power plants," the agency said in its announcement.

Nuclear utilities could apply for sites now, either at greenfield locations or adjacent to existing nuclear plants, and then sit on the licenses until they were needed. The DOE said applications under the program are due by October 15.

The three leading U.S. nuclear utilities, Exelon Corp., Entergy Corp. and Dominion Resources Inc., are expected to take advantage of the plan.

A spokesman for Dominion Energy, Dominion Resources' power producing unit, said "Anything the federal government does to encourage new plant construction in the U.S. we are infavor of."

Marvin Fertel, a senior vice president of the industry group Nuclear Energy Institute, said the organization expects its members to build eight new nuclear power plants in the ten years between 2005 and 2015.

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