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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

Millstone 3 Nuclear Plant Runs 585 Days at 99.9 Percent

LCG, June 5, 2001As Northeast Utilities' 1,154 megawatt Millstone Unit 3 nuclear power plant coasted down for a refueling outage Saturday, the company said that the once-troubled plant had operated for a record 585 continuous days and had turned in a capacity factor of 99.9 percent over that period.

In the early 1990s, cost-cutting was the by-word at Northeast's nuclear plants, with the result that its Connecticut Yankee plant in Haddam Neck, Conn., had to be permanently shuttered and its three-reactor Millstone complex near Waterford, Conn., was shut down at a cost to the utility of more than a billion dollars.

The nuclear "culture" at Northeast changed in 1997 when Michael G. Morris replaced Bernard M. Fox as chief executive and Bruce D. Kenyon, a no-nonsense former nuclear Navy officer was installed as president of the utility's nuclear operations.

Millstone Unit 1 was adjudged too costly to fix, but Unit 2, an 871 megawatt reactor, and Unit 3 were brought back up to standard and restarted. Together, those two units produced 16.4 billion kilowatt-hours of electricity in 2000, Northeast said.

Last August, Dominion Resources Inc. agreed to purchase Millstone for $1.3 billion. That transaction is expected to be completed sometime in April.

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