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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

Florida Governor Approves New Nuclear Reactors at FPL's Turkey Point Power Plant

LCG, May 15, 2015-The Governor of Florida and the State Cabinet approved the request from Florida Power & Light Company (FPL) to install two new nuclear reactors at the company's Turkey Point Plant, located approximately 25 miles south of Miami, Florida. The project approved includes nearly 90 miles of transmission lines in Miami-Dade County. The approval is an important step forward to provide FPL the option to construct the non-carbon emitting reactors.

FPL continues to seek approval for the site, construction and operation from the United States Nuclear Regulatory Commission (NRC). FPL submitted its application to the NRC for a combined license (COL) for two Westinghouse Advanced Passive 1000 (AP1000) Pressurized Water Reactors (PWRs) in June 2009.

FPL has not decided to construct the two, 1,100-MW reactors, and the operational dates for the reactors would likely not be until approximately 2022 and 2023.

The existing Turkey Point Plant includes two natural gas/oil conventional steam units (Units 1 and 2), two nuclear units (Units 3 and 4), one combined cycle natural gas unit (Unit 5), and nine small diesel generators.
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