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

Southern Unit Plans 320 Megawatts for Virginia

LCG, Feb. 13, 2001Mirant Corp., the former Southern Energy and still a subsidiary of The Southern Co., said yesterday it wants to build a 320 megawatt natural gas-fired power plant in Danville, Va.

The proposed facility would consist of four 80 megawatt simple-cycle units that could be expanded to 870 megawatts total output with the addition of heat recovery steam generators and conversion to combined-cycle operation.

Rick Pershing, chief executive officer of Mirant Americas, said "The Danville area needs new plants, and these gas-fueled turbines represent one of the cleanest ways to make electricity on a commercial scale."

Danville Mayor John Hamlin was enthusiastic. "This investment would create a myriad of benefits for Danville's future -- significant new tax revenue, high quality jobs, economic diversification, electric generation capacity, natural gas capacity," he said.

Mirant said the plant would initially be a peaking facility, meaning it would be used only during periods of great demand when the electricity produced would fetch the highest prices. Conversion to a combined-cycle configuration would occur if the company determines that the power plant is needed for its day-to-day electricity production needs.

The new facility would be built on about 67 acres in a Danville industrial park. Depending on receipt of state and local permits, Mirant expects commercial operation to begin in 2003 or 2004.

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