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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

Southeast Utilities Increase Commitments to Build Nuclear Reactors

LCG, April 9, 2008--Progress Energy and Southern Company have both announced that agreements have been made with Westinghouse Electric and The Shaw Group Inc. On Monday Progress Energy announced that it had executed a letter of intent with Westinghouse Electric and The Shaw Group Inc. to purchase long-lead materials for new nuclear reactors that are planned to be installed at a greenfield site in Levy County, Florida.

Progress Energy plans to install two, 1,100-MW AP1000 nuclear units, with the first operational in 2016, and the second in the following year. In March, Progress Energy Florida submitted a petition for Determination of Need to the Florida PSC that proposed to construct the two reactors.

On Tuesday, Southern Company announced that it has entered into an Engineering, Procurement and Construction contract (EPC) with a consortium consisting of Westinghouse Electric Company LLC and The Shaw Group Inc.'s Power Group for the engineering, procurement and construction of two AP1000 nuclear units and related facilities. The new units are planned to be installed at an existing nuclear station, Plant Vogtle, located near Augusta, Georgia.

Georgia Power, a Southern Company subsidiary, expects to submit the EPC to the Georgia Public Service Commission May 1, 2008 as a self-build option in connection with the Georgia Power's 2016-2017 capacity request for proposal. The new reactors are scheduled to commence operations in 2016 and 2017.
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