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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

FirstEnergy Reports to NRC on Ohio Reactor Safety

LCG, August 16, 2002--FirstEnergy, the owner of the Davis-Besse nuclear plant in Ohio, presented a report to the Nuclear Regulatory Commission yesterday on the management reasons for the reactor's lid becoming corroded.

The report's authors, which included company officials and external consultants, concluded that monetary incentives to management connected with plant output had caused regulatory procedures to be followed less stringently than would otherwise have been the case. A FirstEnergy spokesman, Richard wilkins, said there had been no finding that information had been deliberately witheld from regulators.

The NRC's Office of Investigations is currently working to verify that no violations of the law took place. The report said that boric acid inspections failed to detect a hole in the reactor lid in part because "personnel failed to correctly apply key industry information and plant knowleddge about the potential harmful effects of boric acid." New training programs are being instated.

Outside the scope of the current investigation concerning disclosure of information, NRC officials met with company officials privately to indicate where possible violations of regulations may be found. The current cost to the company, as a new vessel lid is installed and the reactor remains off line, is estimated at $200 million.
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