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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

Senate Votes To Approve Yucca Mtn. As Nuclear Repository

LCG, July 10, 2002--A vote yesterday by the Senate on using Yucca Mountain, Nev., as a national repository for spent nuclear fuel resulted in a 60-to-39 decision in which fifteen Democrats voted with all but three Senate Republicans to approve the site.

The vote, echoing an earlier vote by the House, gives momentum to related activity by the Department of Energy, which will seek approval from the Nuclear Regulatory Commission for licensing waste storage at the Yucca site. Four lawsuits have been brought by Nevada on procedural and constitutional grounds that may delay, if not halt, the Department of Energy's progress.

Supporters of the site have said that without Yucca Mountain serving as a repository, where waste would be stored 1,000 feet below ground, detractors offer no solution as to how to handle radioactive waste produced at nuclear power plants and facilities across the country. Trent Lott, R-Miss., said that nuclear power is a "clean, efficient source," which he noted is produced in 39 states. Without nuclear power, he asked, "How do they propose that we fuel this growing economy in America?"

Opponents, including Tom Daschle, D-.S.D., said that transportation of waste represents an issue that has yet to be fully resolved, as the planned date for storing waste, 2010, approaches. "Once people thoughtfully consider the ramifications of moving 77,000 tons of nuclear waste through 39 states, they're going to have a lot of second thoughts about the advisability of doings so," said Daschle. Sen. Barbara Boxer, D-Calif., voiced concern that containment of waste at the site has not been insured, risking contamination of groundwater used by Californians.

The Nuclear Technical Review Board, created by Congress in 1987, was charged with reviewing the scientific basis for the Department of Energy's assessment process as the DOE evaluated the suitability of Yucca Mountain. While the board has made no recommendations concerning an ultimate decision on Yucca, its status report in May on the DOE's process concluded that the technical basis for volanic and seismic event-related risk measures was one of the Department's "strengths," and its work on waste containment was one of its "weaknesses."
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