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News
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LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.
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LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.
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Industry News
Weather Derivatives See Growth in Volume
LCG, June 6, 2003--While the typical values of weather derivative contracts are typically one-third what they were a couple of years ago, the number of such deals has increased to approximately three times the volume seen a year ago, according to a recent study by PrcineWaterhouseCoopers for the Weather Risk Management Association.The Chicago Mercantile Exchange handled 7,000 weather transactions based on its weather derivatives contract, with Wolverine Trading acting as market maker. Typically, conditions that determine which participant pays the other are either temperature, precipitation, wind or sun exposure. For example, a farmer whose crop might suffer from extreme heat might be paid by a counterparty such as a natural gas trader who can make higher profits when more air-conditioning is needed. The payment would be reversed if conditions were cool rather than hot.Whereas many of the most active participants in weather derivatives used to be trading enterprises, they have since been supplanted by regulated utilities and banks.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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