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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 Accepts MHI's Nuclear Reactor Design Application for Review

LCG, March 5, 2008--The Nuclear Regulatory Commission (NRC) on February 29 accepted for review an application from Mitsubishi Heavy Industries (MHI) to certify the U.S. Advanced Pressurized Water Reactor (US-APWR) design. The US-APWR design supports a 1,700 MW nuclear power station design. A similar version is now under license review in Japan.

MHI filed its application to certify the design on December 31, 2007. The NRC will conduct a technical review and will issue a Safety Evaluation Report after all technical and safety questions are addressed. The NRC may then certify the design with an agency rulemaking. The NRC?s Office of New Reactors expects the review work will continue at least into 2011.

Given certification by the NRC, a company applying for a license to construct and operate a nuclear power plant could elect to use the design and reduce potential litigation, as safety issues resolved within the scope of the design certification would generally not be subject to litigation.

The US-APWR design was selected by Luminant (formerly TXU Power) for its planned new nuclear power plants, which include two new reactors at the existing, 2,300-MW Comanche Peak nuclear power station in Texas.
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