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

Montana Power in 5-year Power Deal with PPL

LCG, Oct. 17, 2001--Montana Power Co. and PPL Montana said separately yesterday they have reached a five-year deal with under which it will Montana Power receive 450 megawattsof electricity, beginning July 1 of next year.

Two-thirds of the amount will be baseload power while the remaining 150 megawatts will provide supply during periods of peak demand. The average wholesale price for the entire 450 megawatts is about $32 per megawatt-hour.

"Our objective was to obtain, on behalf of our customers, the best-priced electricity available on the market today. The bid process achieved the results we were hoping for," said Jack Haffey, president and chief operating officer of Montana Power's utility division. "Our customers are assured of safe and reliable electricity supply at very competitive prices."

PPL Montana, a subsidiary of Allentown, Pa.-based PPL Corp., was formed when PPL purchased the 154 megawatt J. E. Corette coal-fired power plant and Montana Power's 529 megawatt share in the Colstrip coal-burner from the utility. Altogether, PPL Montana owns about 1,150 megawatts of capacity in the state.

In its news release, PPL said the deal with Montana Power means it will have about two-thirds of the output of its Montana power plants under long-term contracts by next July.

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