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).

Read more

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.

Read more

Industry News

Fire and Power Problems Shut Down Both Indian Point Reactors

LCG, April 29, 2003At New York states largest and possibly most controversial power plant, both nuclear reactors were shut down due to power failure and fire.

The Nuclear Regulatory Commission reported that the Entergy-owned Indian Point plants reactors tripped off line at 4:45 pm yesterday and 3:13 am today.

The 951-megawatt unit 2, which went off line yesterday, was probably shut down due to loss of output breakers, according to Entergy.

The 1,027-megawatt unit 3 was manually shut off early this morning when there was a fire in the high pressure turbine lasting 47 minutes.

Indian Point officials did not speculate as to the possible duration of the shutdown, but energy traders noted that four cooling pumps failed after the trip, and that unit 3 probably sustained a significant amount of damage from fire.

Indian Point spokesman Jim Steets said that unit 2 tripped off line because of an off-site loss of power. He said unit 3s troubles had yet to be determined but may have been related to combustion of oil in the turbine insulation, although he did not comment on how the oil would have been ignited.

Indian Point has come under a lot of criticism from New Yorkers in the last several years. Many residents want to shut down the plant, which is 24 miles away from New York City and is within 50 miles of 20 million people. According to the Nuclear Regulatory Commission, Units 2 and 3 have the worst safety ratings amongst all U.S. reactors. New Yorkers began calling for a no-fly zone over Indian Point after September 11, despite analysts reassurance that nuclear plants are safe from being hit by planes.

Plant officials have asserted that this shutdown poses no threat to the public. The shutdown is sure to inflate electricity prices in the region, however, as the generators supply a total of 1,978 megawatts of capacity.

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service