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.

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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.

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Industry News

Southeast Utilities Increase Commitments to Build Nuclear Reactors

LCG, April 9, 2008--Progress Energy and Southern Company have both announced that agreements have been made with Westinghouse Electric and The Shaw Group Inc. On Monday Progress Energy announced that it had executed a letter of intent with Westinghouse Electric and The Shaw Group Inc. to purchase long-lead materials for new nuclear reactors that are planned to be installed at a greenfield site in Levy County, Florida.

Progress Energy plans to install two, 1,100-MW AP1000 nuclear units, with the first operational in 2016, and the second in the following year. In March, Progress Energy Florida submitted a petition for Determination of Need to the Florida PSC that proposed to construct the two reactors.

On Tuesday, Southern Company announced that it has entered into an Engineering, Procurement and Construction contract (EPC) with a consortium consisting of Westinghouse Electric Company LLC and The Shaw Group Inc.'s Power Group for the engineering, procurement and construction of two AP1000 nuclear units and related facilities. The new units are planned to be installed at an existing nuclear station, Plant Vogtle, located near Augusta, Georgia.

Georgia Power, a Southern Company subsidiary, expects to submit the EPC to the Georgia Public Service Commission May 1, 2008 as a self-build option in connection with the Georgia Power's 2016-2017 capacity request for proposal. The new reactors are scheduled to commence operations in 2016 and 2017.
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