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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

AREVA Pursues Clean Energy Park Project in New Brunswick

LCG, July 9, 2010--AREVA signed a letter of intent yesterday with the Province of New Brunswick and New Brunswick Power (NB Power) to develop a Clean Energy Park project near the Point Lepreau nuclear station. The project may include AREVA's nuclear and renewable technologies.

The letter of intent (LOI) provides for NB Power, the provincial government and AREVA to work "intensively" to complete an agreement by the end of this year.

AREVA will evaluate the feasibility of constructing a mid-sized, light water, generation III+ nuclear plant. Given a positive outcome, AREVA would manage the design, construction and financing of the reactor, while NB Power would support the licensing process and operate the facility.

The LOI indicates that the Clean Energy Park project would potentially incorporate renewable power generation, such as biomass, offshore wind, and concentrated solar power (CSP) facilities.

The existing Point Lepreau station commenced operations in February 1983 and consists of one CANDU-6 nuclear unit, with a net capacity of 635 MW. The site was initially approved to be home to two reactors. NB Power began refurbishing the facility in April 2008, and the project is behind schedule. The refurbishment is expected to extend the station's life to 2032.

In April, AREVA announced an agreement with the Fresno Nuclear Energy Group (FNEG) to develop a similar Clean Energy Park, including a nominal 1,600 MW U.S. EPR™ reactor, in California. In June of last year, AREVA and Duke announced that they were exploring the development of a Clean Energy Park in Ohio.

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