EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

NRC Issues Subsequent License Renewals for First Time to Nuclear Reactors in Florida

LCG, December 11, 2019--The Nuclear Regulatory Commission (NRC) staff recently approved Florida Power & Light's (FPL's) application for an additional 20 years of operation for Turkey Point Nuclear Generating Units 3 and 4. This is the first time the NRC has issued renewed licenses authorizing reactor operation from 60 to 80 years. The subsequent (or second) license renewals (SLRs) for Turkey Point Unit 3 and Unit 4 now expire on July 19, 2052 and April 10, 2053, respectively.

Read more

New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

Read more

Industry News

Cost Estimate Increases for Duke's IGCC Project

LCG, November 25, 2009--Duke Energy Indiana (Duke) yesterday announced that design modifications and growth in the scope of its coal-fired, Edwardsport integrated gasification combined cycle (IGCC) project are expected to add approximately $150 million to the prior cost estimate of $2.35 billion.

Duke submitted the new cost estimate with the Indiana Utility Regulatory Commission (IURC) as part of its semi-annual update and is requesting the IURC to schedule a separate proceeding by next March, following additional engineering efforts and a revised cost estimate, together with associated rate impacts. The IRUC must approve any cost increase for the project.

Construction on the project commenced last year at Duke's existing Edwardsport Generating Station near Vincennes, Indiana and is scheduled for completion in 2012. Once the new, 630-MW power plant is operational, the old facilities, which include coal and oil units that have a capacity of 160-MW, will be retired.

With the IGCC design, synthetic gas created from coal is used in a gas turbine to generate electricity. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time.

The gasification process offers the potential for lower cost solutions to capture and sequester CO2, which may assist in efforts to thwart global warming. Duke has a request pending before state utility regulators to study permanent underground carbon storage in geologic formations of a portion of the plant's carbon dioxide emissions.

Duke filed an application for a "Certificate of Public Convenience and Necessity" (CPCN) with the IURC to build the plant in September 2006. In November 2007, the IURC directed Duke to develop carbon capture and storage (CCS) studies for the project, and Duke filed its plans in May 2008, together with the $365 million cost increase request. In January 2009, Duke received favorable rulings from the IURC that approved the revised cost estimate of $2.35 billion.

The project is expected to receive more than $460 million in local, state and federal tax incentives that will reduce the cost impact on Duke's customers.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service