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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

NRC Asked to Extend Licenses for Peach Bottom Nukes

LCG, July 3, 2001Exelon Corp. said yesterday its Exelon Nuclear subsidiary had filed applications with the Nuclear Regulatory Commission asking that the operating licenses of Units 2 and 3 of the Peach Bottom Atomic Power Station near Lancaster, Pa. be extended for 20 years.

"A 20-year extension in Peach Bottom's operating license is an investment in 2,200 megawatts of clean, emission-free electricity and helps to ensure an economical and reliable source of power for southeastern Pennsylvania for years to come," said Oliver D. Kingsley, president of Exelon Nuclear.

Exelon said its license renewal team has reviewed more than 100 systems and inspected more than 40,000 items of plant equipment to determine that the two reactors will be able to continue operation without risk to public safety or health. In a nutshell, the company said the plants are better than new because of stringent maintenance requirements and continued improvement in operations.

Last year, the Peach Bottom plant generated the most electricity in its 25-year history, Exelon said.

Exelon pointed out that the license renewal will cost about $18 million for both reactors, or around $8 per kilowatt of capacity. By comparison, building a new natural gas-fueled power plant can cost anywhere from $500 to $1,000 per kilowatt of capacity, the company said.

Exelon and Public Service Enterprise Group Inc. each have a 46.25 percent ownership interest in Peach Bottom, with Conectiv Inc. owning the 7.5 percent balance.

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