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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

New York Okays Entergy's Purchase of Indian Point Nuke

LCG, Aug. 30, 2001--The New York State Public Service Commission yesterday approved the sale of Consolidated Edison Co.'s Indian Point 1 and 2 nuclear plants to Entergy Nuclear Operations, a unit of New Orleans-based Entergy Corp.

That approval comes days after the Nuclear Regulatory Commission approved the transfer of the Indian Point licenses from Con Edison to Entergy.

The New York approval includes both the 950 megawatt Indian Point Unit 2 which is operational and the shuttered Indian Point Unit 1. Though Indian Point unit 2 was operating at 100 percent of capacity this morning, it had suffered numerous steam generator leaks in recent years, culminating in a small release of radioactive steam into the atmosphere last February.

The Nuclear Regulatory Commission told Con Edison to quit putting band aids on the leaky steam generators and replace them, which the utility did.

In addition to the two reactors, Entergy will get three gas turbines, plant infrastructure and the real estate in Buchanan, N.Y. on which it all sits.

Entergy, in turn, will sell all of the output of Indian Point Unit 2 to Con Edison through 2004, with an option to extend the deal through the end of the decade.

The New York approval was the last hurdle for the deal.

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