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News
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LCG, June 18, 2025--The U.S. Department of Energy (DOE) announced late today a new pilot program to expedite the testing of advanced nuclear reactor designs under DOE authority outside of the national laboratories. The new pilot program is intended to unlock private funding and provide a fast track to commercial licensing.
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LCG, June 17, 2025--X-energy Reactor Company, LLC (X-energy) announced yesterday that it has received key updates from the U.S. Nuclear Regulatory Commission (NRC) regarding the construction permit application for the initial deployment of the Xe-100 advanced reactor at a Texas Gulf Coast site. The NRC published an 18-month review timeline for the project, located in Seadrift, Texas, and will concurrently proceed with its environmental assessment. The NRC cited the completeness and quality of the application, as well as the effectiveness of pre-application engagements for the 18-month timeline.
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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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