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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

Fresh Water Leak at Indian Point 2 Stirs Fears

LCG, Feb. 21, 2001A pinhole-sized leak in a feedwater pump on the non-nuclear side of Consolidated Edison Co. of New York's Indian Point 2 nuclear power plant has local politicians pushing the panic button and calling for a halt to the reactor's restart process.

The 965 megawatt plant was shut down a year ago after a leak occurred in a steam generator tube and an inconsequential puff of radioactive steam was released into the atmosphere. Under pressure from the Nuclear Regulatory Commission, Con Edison replaced the plant's steam generators and is in the process of ramping up to full power.

U.S. Rep. Sue Kelly said she has asked the utility and the NRC to hold the plant at minimal power until results of an NRC inspection of Indian Point 2 were made public. "The entire restart process has been plagued by problem after problem," the New York Democrat said, apparently referring to two small leaks found and remedied last month at the beginning of the restart program.

The NRC inspection team will release its preliminary findings at a public meeting a week from Friday, but it will be several weeks before a formal report is issued. In the meantime, the agency says it's okay to ramp up the plant to full power.

" We did a great deal of inspection before the plant was allowed to go back on line," NRC spokesman Neil Sheehan said. "We found it to be in safe operating order. There was no reason to prevent (Con Edison) from going back to full power."

Last November, Entergy Corp. of New Orleans agreed to acquire Indian Point 2 from Con Edison once the plant was back on-line. According to this morning's NRC daily plant status report, the reactor was at 51 percent of power and holding while the leak in the feedwater pump was repaired.

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