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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.

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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.

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Industry News

Exelon Chooses Illinois Nuke Site

LCG, April 30, 2002--Exelon Generation announced today that it will apply for an early nuclear site permit.

The company is considering Clinton nuclear power station, located in De Witt County, Illinois, as a possible site for new nuclear generation, although Exelon has not announced any particulars with regard to type of generator. The site was initially planned to accommodate two reactors but only has one, which provides 950 MW capacity.

Exelon had already announced that it planned to apply for a nuclear power station permit, but until today the company had not discussed the location of the prospective plant. An early site permit will allow the option of constructing for up to 20 years without detailing the type of reactor. The application will require 18 to 30 months to review and approve.

The Nuclear Regulatory Commission will receive the application and assess safety, environmental factors, and emergency preparedness of the potential site according to new and as yet untried guidelines.

Exelon owns and operates seventeen nuclear reactors nationwide and has recently exited an international group developing pebble bed modular reators.

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