NRC Issues Early Site Permit to Tennessee Valley Authority for SMRs at Clinch River Site

LCG, December 27, 2019--The Nuclear Regulatory Commission (NRC) announced on December 17 that the Commission has authorized the issuance of an Early Site Permit (ESP) for Tennessee Valley Authority's (TVA's) Clinch River site near Oak Ridge, Tennessee. The ESP closes several site-related issues, including many environmental impacts, for small modular reactors (SMRs) at the site. The ESP is the first issued by the NRC for SMRs and will be valid for up to 20 years from date of issuance.

Read more

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

Industry News

California's Treasurer Wants to Buy Transmission Grid

LCG, Feb. 9, 2001Phil Angelides, state treasurer of California, proposed yesterday that the state acquire the electric power transmission lines belonging to the state's cash-strapped utilities as a way of helping the companies avoid bankruptcy.

"Everybody," as Jimmy Durante was fond of reminding us, "wants ta get inta da act."

"I believe the only appropriate role for the state at this point is, after the utilities decide what theyare going to do to reorganize, is for us to be willing to buy the transmission assets," Angelides toldreporters yesterday.

The treasurer's proposal came as the state legislature was considering a similar plan as one way to get money to the utilities without allowing a significant rate increase or being accused of allowing a taxpayer-funded "bailout" of the companies.

Angelides said his plan would require the state's two largest utilities, Pacific Gas & Electric Co. and Southern California Edison Co., to drop lawsuits against the state seeking to recover money they have spent buying power on the volatile wholesale market that they were forced to sell at much lower rates to retail customers.

He said one benefit of the state owning the transmission grid is it could issue tax exempt bonds for necessary improvements which could cost around $1 billion.

It would be just like the state owning the highway system, which is more congested than the transmission system even though CalTrans, the state highway department has been in charge of it for decades. Commuters locked in traffic jams will not be reassured.

Copyright © 2020 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