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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

Federal Loan Guarantees Approved For Nuclear Expansion

LCG, June 11, 2003--Senators narrowly approved a provision of a wider energy bill that would provide loan guarantees for construction of nuclear reactors.

Sen. Pete Domenici, R-N.M., chairman of the Senate Energy Committee, believes that providing federal backing to expansion of nuclear power would enable the industry to restart construction efforts that effectively ended in 1979. According to the Congressional Budget Office, there exists a "very high" risk of default associated with such a measure, with a price for each reactor projected at $2.1 billion to $3 billion. Six reactors would receive guarantees, based on a failed 48-50 vote to defeat the measure.

Sen. John Sununu, R-N.H., who sponsored the bid to defeat the guarantees, was quoted in the Wall Street Journal as saying, "We are putting the taxpayer at risk." Domenici thinks that although the House has not approved loan guarantees for nuclear power, final legislation will reflect them.
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