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.

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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.

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Industry News

FERC Orders Some California Power Refunds

LCG, Oct. 9, 2001--The Federal Energy Regulatory Commission has ordered four energy firms to repay California and 10 other Western states for overcharges on electricity they sold in July at prices exceeding price caps imposed by FERC in April.

In its April 26 order, FERC said that charges exceeding the caps must be justified by the producer or refunds would be required. Two of the firms failed to justify their charges and two didn't try hard enough.

Reliant Energy Inc. and Williams Energy, a unit of The Williams Cos., did not provide sufficient support for their arguments that they needed to exceed the price caps. Mirant Corp. and Dynegy Inc. filed their paperwork late, leading the commissioners to reject their arguments.

In its ruling, FERC said the four companies "must refund amounts in excess of the mitigated price."

We are not talking about a lot of money. The amount California is due to get has been estimated as only $260,000, and the state spent about $1.5 billion for power in July.

FERC did not reveal how much each of the four companies owed, but a Mirant spokesman said his company was ordered to refund $33,800.

Though the dollar amounts are small, officials with Reliant and Williams said their companies planned an appeal.

FERC could not be reached for details yesterday because of the Columbus Day holiday.

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