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.

Read more

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.

Read more

Industry News

FirstEnergy Nuke Restart Planned

LCG, Sept. 22, 2003--The Ohio-based Davis-Besse nuclear plant that was shut in February 2002, and belonging to FirstEnergy, may be restarted in four to six weeks following extensive testing, according to company officials.

Extensive corrosion of the reactor-vessel lid, which went undiscovered during a number of prior inspections, led to the shutdown. Since that time, the loss of the 925 megawatts has impacted the local availability of generation in northern Ohio. Investigators of the August blackout have noted that this put the FirstEnergy service territory in a vulnerable position before another coal-fired unit tripped offline.

Testing has focused on the cooling system for the plant, and operating pressure was gradually increased during procedures last week until difficulty with a valve brought a halt to the test. Lew Myers, FirstEnergy's chief operating officer for the nuclear division, has stated that the cooling system tests are giving promising results. A restart would need to have the approval of the U.S. Nuclear Regulatory Commission.
Copyright © 2023 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and Optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service