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NRC Issues Subsequent License Renewals for First Time to Nuclear Reactors in Florida

LCG, December 11, 2019--The Nuclear Regulatory Commission (NRC) staff recently approved Florida Power & Light's (FPL's) application for an additional 20 years of operation for Turkey Point Nuclear Generating Units 3 and 4. This is the first time the NRC has issued renewed licenses authorizing reactor operation from 60 to 80 years. The subsequent (or second) license renewals (SLRs) for Turkey Point Unit 3 and Unit 4 now expire on July 19, 2052 and April 10, 2053, respectively.

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New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

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Industry News

Regulators Approve DP&L Transition Plan

LCG, Sept. 22, 2000Dayton Power & Light Co. said yesterday that Ohio regulators have approved the company's plan for its transition to a competitive electricity market. The company said the plan includes a three-year freeze on generation rates and a six-year freeze on delivery charges.

The Public Utility Commission of Ohio approved the DP&L plan yesterday after a settlement agreement was reached with numerous public agencies and business, consumer and electric industry representatives.

"With today's PUCO approval, DP&L has a transition plan in place that increases our growthpotential in a competitive market," chief executive Allen Hill said yesterday. "At the same time, it provides customers with a smooth transition to a deregulated supply market."

The company's transition plan covers a period which begins this coming January 1 and ends Dec. 31, 2003. Under the plan, DP&L will reorganize to separate its generation, transmission and distribution activities. In a news release, the company ticked off several provisions of the plan.

  • DP&L will have the opportunity to recover its transition costs.

  • No caps are placed on the company's allowable rate of return.

  • The utility will be allowed to purchase or sell assets without PUCO approval or impact on transition cost recovery.

  • Residential customers will receive a 5 percent rate discount that will stay in effect for three years.

  • Transmission and distribution charges will remain fixed for six years.

  • Customers will be able to seek savings from alternative providers of generation or receive guaranteed fixed prices from DP&L.

  • The utility will spend $1 million on customer information programs.

  • DP&L will invest an unspecified amount in low-income and energy efficiency programs.

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