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Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

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Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

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Industry News

Chernobyl Shut; Its Problems Will Persist

LCG, Dec. 15, 2000--The notorious Chernobyl nuclear power plant was shut down yesterday when Ukraine President Leonid Kuchma gave the order over a television hookup from Kiev, about 85 miles away.

An operator flipped a switch, causing the final "scram" of Unit 3, the only working reactor of the four-unit Soviet-era facility.

Chernobyl, of course, is the plant where occurred the worst nuclear accident in history. In 1986, Unit 4 exploded and caught fire, killing about 35 workers outright and sending a radioactive cloud over most of Europe.

The Soviet Union tried to conceal the even, much as Russia tried to conceal the recent sinking of the nuclear submarine Kursk. Firefighters and rescue workers were sent into Chernobyl without protective clothing. About 4,000 cleanup workers are said to have died since.

Unit 4 was encased in a concrete "sarcophagus," which has begun to leak and crumble, and Unit 3 has experienced numerous breakdowns in the 14 years since the accident.

In a ceremony yesterday, Kuchma said "The world will become a safer place. People will sleep in peace," the Associated Press reported.

But not the plant's 6,000 workers who will be laid off. As Kuchma toured the village of Slavutych, where Chernobyl workers live, he was confronted by scores of protesters to whom closure of the plant means an end to their way of life.

Plenty remains to be done at Chernobyl, and it will take years. The Ukrainian government plans to construct a new sarcophagus for Unit 4 and it is likely to take decades to dispose of the radioactive debris still inside that reactor. In addition, there are years of work ahead for decommissioning the other three reactors.

Yesterday, Kuchma sighed "We shall continue to bear this. This is our fate."

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