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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

AmerenUE Submits Application to NRC for New Nuclear Reactor

LCG, July 31, 2008--AmerenUE submitted Monday a combined Construction and Operating License Application (COLA) to the Nuclear Regulatory Commission (NRC) to build a 1,600 MW nuclear reactor at its Callaway Plant in Missouri. The company projects that the additional power supply will need to commence operations in the 2018-2020 timeframe.

AmerenUE stated that it has not yet made a decision to install a second nuclear reactor; however, by pursuing the NRC approval now, AmerenUE will better preserve the option to build carbon-free, nuclear capacity in the future. Moreover, it will place the company in a position to seek nuclear-specific federal loan guarantees and production tax credits provided for in the Energy Policy Act of 2005.

The existing Callaway Plant consists of a single reactor that has a net generating capacity of 1,126-MW and began service December 1984. The site is located about twenty-five miles northeast of Jefferson City and was initially developed with the idea of adding a second unit in the future.

AmerenUE selected AREVA's U.S. Evolutionary Power Reactor (EPR) design. The EPR is a Generation III+ design based upon AREVA's 1,600-MW, European EPR that is now being deployed in Europe. In 2007, AmerenUE announced that the company had signed an agreement with UniStar Nuclear Energy to help prepare a COLA. UniStar Nuclear Energy was formed in 2007 as a strategic joint venture between Constellation Energy and EDF Group, a leader in nuclear power that owns and operates 58 nuclear reactors in France.

The selection of the EPR adds momentum to AREVA's presence in the U.S. Early this year, UniStar Nuclear Energy announced that it had engaged an AREVA-Bechtel Power consortium to start developing the detailed design engineering for UniStar's proposed fleet of advanced nuclear power plants in the United States that would use AREVA's U.S. EPR design.

UniStar's targeted sites include Constellation Energy's existing Calvert Cliffs Nuclear Power Plant in Lusby, Maryland, Constellation's existing Nine Mile Point Nuclear Station and, working with PPL Corporation, a site near the Susquehanna nuclear power plant in Pennsylvania.

AREVA filed its application to certify the U.S. EPR design on December 11, 2007, and in February the NRC accepted the application for review. The NRC will conduct a technical review and will issue a Safety Evaluation Report after all technical and safety questions are addressed. The NRC may then certify the design with an agency rulemaking. The NRC?s Office of New Reactors expects the review work will continue at least into 2011.
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