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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

DOE and B&W Sign Agreement to Develop mPower Small Modular Reactor

LCG, April 16, 2013--The Babcock & Wilcox Company (B&W) announced yesterday that its subsidiary, Babcock & Wilcox mPower, Inc. (B&W mPower), and the Department of Energy (DOE) have signed a Cooperative Agreement for funding from the DOE's Small Modular Reactor (SMR) Licensing Technical Support Program to support the development and licensing of B&W's mPower technology.

B&W's mPower technology is based upon a 180-MW, integral pressurized water reactor design that uses a fully underground containment structure. With the Cooperative Agreement, approximately $79 million, allocated from the first year of the Licensing Technical Support Program, will now be available to the B&W mPower program.

A DOE representative stated, "The Department is pleased to complete this important step in our SMR Licensing Technical Support Program. Our work with B&W mPower will help advance the commercialization of safe and efficient SMRs in the United States. U.S.-built SMRs have the potential to cost-effectively support our nation's energy and climate goals while boosting U.S. manufacturing capabilities and job growth."

The signing of the Cooperative Agreement formalizes B&W's cost-share agreement with DOE, following the selection last November of the mPower America team - comprised of B&W, the Tennessee Valley Authority (TVA) and Generation mPower - as the winner of DOE's competitively bid funding opportunity, in support of commercial demonstration of the B&W mPower SMR by 2022. B&W mPower and Bechtel (who together formed Generation mPower LLC) will provide licensing and engineering support for the mPower America Project.

The new agreement shows continued progress to develop the mPower SMR technology. In February, B&W announced that B&W mPower executed a development agreement with the Tennessee Valley Authority (TVA) to prepare and support the Nuclear Regulatory Commission (NRC) review of a Construction Permit Application for a B&W mPower SMR at TVA's Clinch River Site in Oak Ridge, Tennessee.
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