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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

Dominion Files to Build CFB Plant in Virginia

LCG, July 17, 2007--Dominion Virginia Power, a subsidiary of Dominion, submitted an application with the State Corporation Commission for permission to build a 585-MW power plant in Wise County, Virginia. Dominion requested Commission approval by April 2008 in order to complete construction and commence operations by 2012.

The proposed Virginia City Hybrid Energy Center, located in southwest Virginia, would utilize a circulating fluidized bed (CFB) technology. The primary fuel would be coal, with the potential to burn up to 20 percent biomass.

Dominion submitted testimony Friday that stated that the proposed facility would include a design to make it carbon-capture compatible, i.e., technology to capture carbon dioxide could be added to the station when it becomes commercially available. Thus, carbon emissions and corresponding climate change concerns could possibly be alleviated in the future.

Other design considerations related to environmental concerns include the use of a bag house to remove particulates and mercury, and the use of air cooled condensers to reduce water usage at the station by nearly 90 percent relative to standard coal-fired, power plants. The estimated cost of the plant is $1.6 billion.

The State Corporation Commission found in November 2006 that the construction of a coal-fired electric generating plant in southwest Virginia that uses Virginia coal is ?in the public interest.? The Commission stated at the time that it awaits Dominion?s application so that ?we can move this process forward towards fulfilling the statute?s goal of building a coal-fired generation facility that utilizes Virginia coal and is located in the coalfield region of the Commonwealth.?
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