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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

SCANA and Santee Cooper Formalize Plans for New Nuclear Reactor

LCG, December 16, 2005--SCANA Corporation and Santee Cooper filed a letter of intent with the Nuclear Regulatory Commission (NRC) to seek a permit to build a nuclear reactor.

SCANA, the parent company of South Carolina Electric and Gas Co., and state-owned Santee Cooper had previously announced in August that they were considering extending an existing nuclear generation joint ownership agreement so that they can study construction of a new nuclear generation facility. The two companies currently co-own the V.C. Summer Nuclear Station near Jenkinsville, South Carolina.

A final site for the new reactor was not identified in the filing with the NRC. Sites under consideration include the V.C. Summer Nuclear Station and the Savannah River Site near Aiken.

The letter of intent adds momentum to the efforts to develop and build new nuclear reactors in the Southeast. Over 15,000 MW are proposed to commence operations starting in the 2015 to 2017 time-frame. Companies actively pursuing the development of new reactors in the Southeast include: Progress Energy, which plans to seek licenses to build up to four nuclear reactors at two locations; Duke Power, which announced that it is preparing a combined construction and operating license (COL) application to construct two nuclear reactors; and Southern Nuclear Operating Company, which has selected its Vogtle Nuclear Station in Georgia for consideration as a site for new nuclear reactors.

In September, the NuStart Energy Development, LLC, a consortium founded in 2004 to support the development of new nuclear power, announced that its two finalist sites for the development of new nuclear reactors are Grand Gulf Nuclear Station (owned by Entergy Nuclear) in Port Gibson, Mississippi and Bellefonte Nuclear Plant (owned by the Tennessee Valley Authority) near Scottsboro, Alabama.

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