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

Long Lag Time in Detection of Reactor Vessel's Corrosion

LCG, Apr. 5, 2002--A report released by the Nuclear Regulatory Commission has concluded that corrosion at the Davis-Besse nuclear plant owned by FirstEnergy, and located east of Toldeo, Ohio, should have been found four years ago.

Damage to a steel cap covering the reactor vessel was caused by the release of boric acid, resulting in a 6-inch hole. A layer of steel three-eights of an inch thick that was not affected by the acid prevented the hole from reaching the whole way through. A FirstEnergy vice president, Howard Bergendahl, said "we could have and should have found it in earlier inspections." The corrosion was discovered in February during refueling of the plant.

The report by the NRC was made public at a local meeting at Oak Harbor, on Lake Erie, at which some within hundreds of residents in attendance expressed vocal opposition to the plant.

Boric acid is created during nuclear fission. At Davis- Besse, 69 control rods absorb excess neutrons from the reactor core and are themselves contained in tubes, within which cracks had occurred. All operators of pressured water reactors in the United States will need to report to the NRC on the structural soundness of reactor heads at their facilities.

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