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.

Read more

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.

Read more

Industry News

NRC Chairman Talks of Nuke Renaissance

LCG, April 27, 2001Chairman Richard Meserve of the U.S. Nuclear Regulatory Commission told reporters yesterday that most, if not all, commercial nuclear energy companies plan to keep their plants running beyond their initial 40-year licenses.

He added that he would not be surprised if some nuclear power plants abandoned for economic reasons in the 1980s were reconsidered for completion, even though the NRC licensing process would likely have to begin over for such facilities.

"Perhaps the most startling recent development is the growing industry interest in the construction of new nuclear plants," Meserve said, although he said he had heard of no specific plans for a new nuclear power plant.

The NRC has already approved 20-year license extensions for five reactors belonging to two utilities, Meserve said, and has on file applications for license renewals for another 34 reactors.

"We now expect that between 85 percent and 100 percent of the existing nuclear plants will seek license renewal," Meserve said. "It is even possible that we may receive an application to conclude certain reactor projects that were suspended for economic reasons in the 1980s."

Meserve, a Democrat appointed by President Clinton a year and a half ago, said he expected the current administration's energy task force, headed up by Vice President Dick Cheney, will endorse nuclear energy as an essential part of the nation's energy mix.

As for the NRC, there has been talk of "streamlining" procedures to permit "fast track" approval of license extensions. The process will still take anywhere from two years to two and one-half years, Meserve said. "We have to be satisfied that if we allow an extension, there will not be a reduction in safety," he said. "If they don't meet the criteria, we're going to reject the application."
Copyright © 2023 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and 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