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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

Georgia PSC Approves Spending on New Nuclear Units at Vogtle

LCG, August 17, 2011--Southern Company announced yesterday that the Georgia Public Service Commission (PSC) voted 5-0 to approve the spending on Vogtle Units 3 and 4 by its subsidiary, Georgia Power, for the period including July 1, 2010, through December 31, 2010. The Georgia PSC monitors construction of Vogtle Units 3 and 4 via monthly filings and semi-annual construction monitoring reports.

The $14 billion project, located near Waynesboro, Georgia, includes the construction of two 1,100-MW, AP1000 units for Georgia Power, plus co-owners Oglethorpe Power Corporation (OPC), the Municipal Electric Authority of Georgia (MEAG), and Dalton Utilities.

Southern Nuclear, another Southern Company subsidiary that operates Plant Vogtle's two existing nuclear units, is overseeing construction. Southern Nuclear is working under a Limited Work Authorization permit (since 2009) that allows for certain safety-related construction activities. Southern Nuclear will also operate the two new units.

The Vogtle project received additional good news earlier this month. First, Southern Nuclear received a schedule for the completion of the licensing process for Units 3 and 4 from the Nuclear Regulatory Commission (NRC). Second, the NRC completed its Final Safety Evaluation Report (FSER) for Units 3 and 4. Since clearing these two hurdles, Southern Company now anticipates the issuance of a Combined Construction and Operating License (COL) in early 2012. Once the COL is issued, full construction can begin, with commercial operations of the two new nuclear units expected to commence in 2016 and 2017, respectively.
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