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.

Read more

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.

Read more

Industry News

Judge Extends Must Sell Order in California

LCG, Feb. 8, 2001Judge Frank Damrell in the U.S. district Court in Sacramento yesterday evening extended his order forcing Reliant Energy Inc. to sell electricity to the California independent System Order. The extension will stay in force until this afternoon.

Judge Darnell had on Tuesday issued his temporary restraining order just hours before a federal emergency order requiring the sales was to expire.

Reliant spokesman Richard Wheatley said his company is worried it might not get paid due to the near insolvency of the state's two biggest utilities, Pacific Gas & Electric Co. and Southern California Edison Co. Reliant want the California Department of Water Resources to stand behind Cal-ISO's power purchases.

Cal-ISO's original lawsuit, in which Judge Damrell granted his order, had also included AES Pacific Inc. and Dynegy Power Co., but those two companies were not covered by the restraining order because they said they would continue to deliver power pending this afternoon's expected ruling.

AES and Dynegy said their plants were nearing the limits of their annual emissions allotments and would exceed them if forced to operate. But Cal-ISO said it would lose about 4,000 megawatts if the three companies quit supplying power. Without that power there would be a high risk of blackouts, the ISO said.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service