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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

Five Japanese Executives Resign After Nuke Deception

LCG, September 17, 2002-Following an investigation revealing phony nuclear plant records, five executives have resigned from Tokyo Electric Power Company.

Earlier this month, the Tokyo Electric Power Company (TEPCO) found that 13 of its 16 nuclear power plants had incorrect records of reactor core structures. In some cases, cracks in reactors were not disclosed.

Five reactors, amounting to 5,180 megawatts in capacity, have been shut down for inspection.

Additionally, TEPCO's President Nobuya Minami will resign and take a position as an advisor. Chairman Hiroshi Araki will also resign, along with two advisors and a vice president. The company has said that it will seek to punish those responsible, perhaps as many as 35 officials.

Pulling these nuclear plants off line may result in a loss to TEPCO of over $204 million.

Although TEPCO is interested in disciplining its employees, it has asserted that the cover-ups were due to mismanagement on a macro-organizational scale, as opposed to personal greed.

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