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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

Iran Announces Plans to Mine Nuclear Fuel and Continue with Power Projects

LCG, February 11, 2003-On Monday Iran announced the commencement of uranium mining near Ardakan.

Officials from Iran have said that ore processing facilities will be opened soon to process newly mined uranium.

Iran has been planning to use nuclear power for many years, and Southern Iran's Bushehr plant, postponed for several years, approaches completion with the assistance of Russia.

Russia has promised to reclaim spent fuel rods from the plant, but now Iran has announced its desire to "complete the fuel cycle," according to Iran's head of Atomic Energy Organization Gholamreza Aghazadeh.

The International Atomic Energy Agency (IAEA) has stated its knowledge of Iran's mines and noted that the mine near Ardakan was inspected in 1992. The head of the IAEA, Mohammed ElBaradei, along with others, will inspect new Iranian nuclear projects, located at Arak and Natanz, on February 22 and 23.

The Bush Administration contends that those sites are being used for weapons construcion.

Natural uranium occurs in several isotopes; each isotope contains a different number of neutrons. Isolating one isotope is a very difficult process, but once the desired isotope is separated, the process of constructing a uranium bomb is, compared to developing plutonium, uncomplicated.

Iran has asserted that all of its nuclear-related projects are open for inspections and follow international law.

In the past, U.S. agencies have stated Iran does not have sufficient uranium or plutonium to produce nuclear weapons.

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