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U.S. Department of Energy Announces First Awards under Advanced Reactor Demonstration Program

LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).

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PSEG Files Application to Extend Zero Emission Certificates (ZECs) for New Jersey's Carbon-Free Nuclear Power Facilities

LCG, October 2, 2020--PSEG yesterday filed applications to extend Zero Emission Certificates (ZECs) for the Salem and Hope Creek nuclear power plants in Salem County in order to preserve New Jersey's largest carbon-free source of electricity and to help New Jersey achieve its clean energy goal of 100 percent carbon-free energy supply by 2050.

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Industry News

Meeting Today Between FERC and CAISO

LCG, Dec. 9, 2002--After agreeing to allow California's Independent System Operator to implement a day-ahead market over a year later than a previous deadline, the Federal Energy Regulatory Commission will meet with the state grid operator in Washington today to discuss market changes.

The FERC had told California officials that a day-ahead market was to be in place by Jan. 31, 2003, but has now ordered that monthly progress reports be submitted on the state's market design, with changes to be fully in place by June 2004. A day-ahead market must be operational by February 2004, the agency has said.

"We are going to tell FERC that this is the timing that allows us to move forward and put in place the best practices. We don't just want to get it done, but to get it done right, " said Gregg Fishman, the ISO spokesman. One concern that the FERC stressed in its order was the need for California to take into account and work with market authorities in the Pacific Northwest and Southwest.

Changes that are foreseen include locational pricing rather than a single statewide market-clearing price, in order to send clearer market signals to participants, and changes to the ISO's ability to impose penalties. Since Oct. 30th, a revised, higher price cap has been in place with no significant problems. In addition, a mechanism to identify and counteract bids thought to be manipulative is active.
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