Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

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Industry News

EU Commission Would Increase Nuclear Insurance Premia

LCG, July 11, 2003--Nuclear operators would be required to increase their insurance coverage for nuclear accidents or environmental damage under rules introduced by the European Union Commission.

The changes were put forth to bring the EU into compliance with treaties concerning civilian use of nuclear technology, namely the Paris Convention on Third Party Liability and the follow-up Brussels Convention, both of which were first drafted in the 1960's, but which were updated in response to the 1986 Chernobyl nuclear accident, in which a large radioactive release occurred in the Ukraine.

EU countries would have the ability to change their liability laws, in the direction of requiring larger payments by nuclear operators to compensate victims, and to pay for environmental harm. The Paris Convention sets the limit for such compensation payments. Under the newly released plan, governments would also be required to pay more for insurance covering the effects of a nuclear incident.

The European nuclear industry, as far as the trade group FORATOM was concerned, is behind the changes, as the new rules do not surpass the treaty provisions. The treaties were updated by the Nuclear Energy Agency, of the Organization for Economic Co-operation and Development.
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