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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

FPL Energy Wants to Own 50 Percent of Nuclear Operator

LCG, Sept. 15, 2003--FPL Energy has reached an agreement with British Energy concerning the price at which it could acquire British Energy's 50-percent stake in the nuclear power-plant operator AmerGen Energy.

The deal, worth $276.5 million, would need to receive approval by the other owner, Exelon Corp., a Chicago-based utility holding company. Unless Exelon exercises its right of first refusal within 30 days, FPL Energy, a subsidiary of FPL Group, would be able to complete the purchase in the first quarter of 2004. FPL Energy would receive $8.3 million from Exelon if the purchase was refused.

AmerGen Energy operates nuclear plants in Clinton, Ill., Middleton, Pa., and in Lacey, New Jersey. The three plants have a total capacity of 2,480 megawatts. FPL Energy currently owns one nuclear plant in Seabrook, N.J., as well as approximately 90 other gas-fired and wind-powered generating units across the country.
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