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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

Science Panel Recommends Gradual Approach at Yucca

LCG, Feb. 10, 2003--A group of scientific experts with the National Research Council issued a report, "One Step at a Time," which supports a gradual evolution of storage procedures for nuclear waste at Nevada's Yucca Mountain, as well as more research as storage commences.

The report said that the Department of Energy, which is moving towards many of the recommendations in the report, would need to build the support of stakeholders, such as authorities in Nevada, in order to make a more gradual storage plan work as intended. Nevada officials, such as Sen. Harry Reid, R-Nev., stated their view that the report's suggestion that more waste be stored aboveground was evidence that the Department of Energy's design for an underground repository was never fully formed.

"If there was an expectation from the get-go that this was going to be an experimental process and you do this on an ongoing basis, that might be one thing, but that's not the way the law was written," said Bob Loux, head of Nevada's Agency for Nuclear Projects. The report said that in order to avoid costly or harmful consequences of proceeding too fast with underground storage, a staging area bigger than the one first planned could be used to handle waste while smaller, preliminary tests were made with interring waste for several years. Loux said that more emphasis on the staging area contradicted licensing conditions and environmental statutes.

The report noted that those handling the waste in the "buffer storage" area, where shipments would first be repackaged and blended to manage heat release, could be subject to more radiation exposure if delays ran into the hundreds of years.
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