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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 Cites Con Edison for Indian Point 2 Violations

LCG, Nov. 21, 2000--The Nuclear Regulatory Commission said yesterday it has cited Consolidated Edison Co. of New York for a violation in connection with its inspection of steam generator tubes at its 975 megawatt Indian Point 2 nuclear power plant in Buchanan, N.Y.

The agency said "the conditions associated with the violation were of high safety significance," and characterized the violation as a "red" one. It was the first time the NRC had dipped its brush into the red paint since it began coloring its inspection findings last April.

Green is "okay," white is "oops," yellow is "watch it," and red is just what you think it is. Con Edison thought the inspection at Indian Point 2 rated only a yellow.

The problem at Indian Point 2 came to light last February, when a steam generator tube sprang a leak, emitting an inconsequential puff of radioactive steam into the atmosphere, but it had existed since the 1980s. A few years after the plant began commercial operations in 1974, it was found that the steam generators weren't up to specifications.

The same thing turned out to be true at Indian Point 3 operated by the New York Power Authority and at a few other plants that had the same kind of Westinghouse steam generators. The companies sued the manufacturer, and Westinghouse replaced the faulty equipment.

Every plant installed the new steam generators right away, except Indian Point 2. Con Edison stuck its new steam generators in a warehouse for when it really needed them, and has been pinching off leaky tubes ever since. That's why the facility generates 932 megawatts on a good day instead of 975.

Con Edison even proposed plugging the tube that leaked on February 15, but by now the heat had grown too strong. Under pressure from the public and politicians, the company agreed to replace the steam generators.

Con Edison has 10 days to convince the NRC that its violation ought to be yellow, or pink at the worst, and must respond to the citation within 30 days.

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