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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

Davis-Besse Repairs Increase in Cost and Duration

LCG, Oct. 7, 2002--Repairs underway at the Davis-Besse nuclear power plant in Ohio will require that the plant be out of service until early next year, and are expected to cost owner FirstEnergy more than $100 million above what was originally estimated.

The cost of installing a new reactor head, estimated at between $55 million and $75 million, will remain the same, according to the company. This year's work necessary to bring the plant online will likely increase in cost by $65 million, while next year's follow-up maintenance is seen as incurring $50 million more in expenses than previous estimates.

While the plant is out of service, FirstEnergy has a supply of energy to replace the nuclear plant's output, due to hedging. Of the repairs being performed, only the new reactor head will be capitalized. A leak of boric acid resulted in a hole within the protective reactor head.
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