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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

NRC Slates Indian Point 2 Meeting with Con Ed

LCG, Sept. 20, 2000The Nuclear Regulatory Commission yesterday gave Consolidated Edison Co. of New York one week to prepare for a meeting to "discuss" the findings of an NRC investigation into the shutdown of the company's 931 megawatt Indian Point 2 nuclear power plant.

A week isn't a lot of time to get ready for the September 26 meeting in King of Prussia, Pa., where the NRC is certain to ask for answers to questions raised by its inspection team.

In a report issued late last month, the NRC inspectors concluded that the overall direction and execution of Consolidated Edison's 1997 steam generator in-service examinations at the Buchanan, N.Y., facility were deficient in several respects.

The agency said deficiencies in Con Edison's steam generator inspection program resulted in the company's failure to adequately account for conditions which adversely affected the detectability of, and increased susceptibility to, tube flaws.

Steam generators contain hundreds of tubes where heat from the nuclear reactor's coolant is transferred to fresh water which is turned to steam used to drive electric turbine generators. Con Edison's practice has been, when one of the tubes gave a little trouble, to pinch it off and make do with one less. For that reason, Indian Point 2 puts out 44 megawatts less than it should.

When a steam generator tube sprang a leak on February 15, Con Edison shut the plant down. The company intended to pinch off yet another tube and restart the plant to meet summer demand, but the NRC said it wanted to take a look.

That look earned Indian Point 2 an NRC red flag. The agency has four degrees of risk significance: green, white, yellow and red. They mean just what you think they mean.

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