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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

DTE Energy Receives License from NRC for New Reactor at Fermi Plant

LCG, June 12, 2015-The Nuclear Regulatory Commission (NRC) recently approved the license to construct and operate Fermi Unit 3 at DTE Energy's existing nuclear plant near Newport, Michigan, where the 1,170-MW Fermi Unit 2 has been operating since 1988.

Fermi Unit 3 is the fifth new reactor to complete the NRC's combined license (COL) process. DTE Energy has not committed to building the new reactor and is keeping the option open for long-term planning purposes.

GE-Hitachi Nuclear Energy is the reactor vendor for Fermi Unit 3, and the reactor type is an Economic Simplified Boiling-Water Reactor (ESBWR). The NRC certified the ESBWR design in October 2014. The ESBWR is a single-cycle, boiling-water reactor (BWR). The containment vessel is a cylindrical steel-lined reinforced concrete structure integrated with the reactor building. Based on the reference design, the plant operates at a net estimated electrical power output of approximately 1,535 MW.

DTE Energy submitted its COL application to the NRC in September, 2008.
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