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News
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LCG, December 2, 2025 — LCG today announced the release of its PJM Congestion Outlook for January–March 2026, delivering a fundamentals-based, three-month forecast designed to help traders and risk managers better navigate congestion risks in PJM’s FTR markets.
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LCG, December 2, 2025--The U.S. Department of Energy (DOE) today announced the selection of the Tennessee Valley Authority (TVA) and Holtec Government Services (Holtec) to support early deployments of advanced, light-water small modular reactors (SMRs) in the United States. With this announcement, DOE is supporting the first-mover teams to develop and construct the first Gen III+ small modular reactor (Gen III+ SMR) plants in the United States. The project teams will receive up to $800 million in federal cost-shared funding to advance initial projects in Tennessee (TVA) and Michigan (Holtec) and act to expand the Nation’s capacity while facilitating additional follow-on projects and associated supply chains.
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Industry News
Hearings Begin for Duke's New Coal-fired Units at Cliffside
LCG, January 18, 2007--The North Carolina Utilities Commission yesterday began a three-day hearing regarding Duke Energy Corp.'s plans to construct two coal-fired units at the Cliffside Steam Station. The hearing resulted from Duke's notifying the Commission that its cost estimate for the two, 800-MW units had increased from $2 billion to $3 billion.
In testimony provided yesterday, Duke witnesses further explained that the $3 billion cost excluded finance costs and that the total cost would be even higher.
The issues to be addressed by the Commission at the hearing are the accuracy of project cost estimate and whether the proposed project is the most economically feasible alternative. Duke anticipates a Commission decision by March. The first unit is scheduled to commence operations in 2011.
Duke originally filed its application with the Commission in May 2005 for a "Certificate of Public Convenience and Necessity" (CPCN) to expand and upgrade the Cliffside Steam Station, located in Rutherford and Cleveland counties, North Carolina.
In October 2006, Duke filed the revised, $3 billion estimate with the Commission on a confidential basis. In November 2006, the $3 billion cost estimate was released in response to pressure from opponents that were aware of Duke's filing a confidential cost update with the North Carolina Utilities Commission. The cost increase was driven by new, firm price quotes for major components of the planned facility.
The Commission had planned to rule on the CPCN for the new coal units by the end of 2006. With the roughly fifty percent increase in the estimated cost, the Commission scheduled the current hearing.
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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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