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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

NRC Says Yucca Mountain Nuke Dump License 'Achievable'

LCG, Nov. 15, 2001--In a statement released yesterday, the Nuclear Regulatory Commission said it has indicated, to the Department of Energy, that it believes sufficient information will be available concerning a potential high-level radioactive waste repository at Yucca Mountain, Nev., that development of an acceptable license application is achievable.

The Nuclear Waste Policy Act of 1982 requires that, when the DOE makes a recommendation to the president on the suitability of the Yucca Mountain site for high-level waste disposal, it must include the preliminary comments of the NRC "concerning the extent to which the (DOE's) at-depth site characterization analysis and the waste form proposal for such site seem to be sufficient for inclusion in any application to be submitted by the Secretary for licensing of such site as a repository."

That 1982 law also required the DOE to begin accepting for permanent storage the spent fuel from the nation's commercial reactors. The agency has spent nearly 20 years and billions of dollars "studying" the problem, but has not yet recommended the Yucca Mountain site for a repository and has not submitted an application to the NRC for a license.

The NRC defined a couple of terms used in the portion of the 1982 law it quoted:

  • "At-depth site characterization analysis" includes the investigation of underground features (such as the porosity of rock formations) and events and processes that occur below the ground surface (such as earthquakes, volcanoes and water flow).

  • The "waste form proposal" includes information concerning spent fuel that was used in a reactor, the cladding that is around the fuel, the package in which the waste is placed, and other engineered barriers. Also considered are DOE-owned high-level radioactive waste and its packaging.

    The NRC said its preliminary comments on the sufficiency of the information DOE has obtained to date, or has agreed to obtain prior to submitting a license application reflect many years of pre-licensing activities with DOE and various stakeholders, including the State of Nevada, Indian tribes, affected units of local government, representatives of the nuclear industry and interested members of the public.

    The agency cautioned that although it "believes that DOE has obtained, or will obtain, information that should be sufficient, the NRC is not drawing any conclusions concerning the actual site suitability, but will carefully review any licensing decision on the basis of all the information available at that time."

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