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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

British Energy Takes Over Ontario Nukes

LCG, May 14, 2001Ontario Power Generation said on Saturday that it had closed a transaction under which a joint venture between British Energy Plc, the big UK nuclear generator, and uranium supplier Cameco Corp. will become operator of OPG's Bruce nuclear power plants.

British Energy will initially own 85 Percent of the venture, to be called Bruce Power, but that will drop to 79.8 percent as two unions representing workers at the plants take up a combined 5.2 percent interest by 2003. Cameco will own the other 15 percent.

Under the deal, Bruce Power becomes the licensed operator of the four-unit, 3,140 megawatt Bruce B station and also of shuttered Bruce A, which also has four reactors. Two of the Bruce A units may be restarted, adding 1,500 megawatts.

All of the output from the Bruce plants will be sold into the Ontario wholesale power market, which is scheduled to open to competition in May of next year. Until then, the output will be sold to OPG under transitional arrangements.

The Bruce nuclear plants are located about 150 miles northwest of Toronto.

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