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News
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LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.
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LCG, May 29, 2025--The U.S. Energy Information Administration (EIA) released an analysis yesterday showing that the California Independent System Operator (CAISO), the grid operator for most of the state, is increasing its curtailment of the rapidly growing solar- and wind-powered generation facilities in order to balance electricity supply and demand, which is necessary to maintain a stable electric system.
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Industry News
Freeport LNG Terminal Project Attracts New Investors
LCG, December 17, 2013--Freeport LNG Expansion, L.P. (Freeport LNG) and IFM Investors yesterday announced that IFM Investors agreed to invest approximately $1.3 billion of equity funding for Freeport LNG's proposed natural gas liquefaction loading facility on Quintana Island near Freeport, Texas.
The funding from IFM Investors will provide equity to develop the second train at Freeports LNG's terminal over the 51 to 54 month construction period. Additional funding will be sourced from a consortium of project finance lenders. Financial close for the transaction is expected to take place in mid-2014 pending regulatory and other approvals.
Freeport LNG's CEO stated, "We are thrilled to announce that such a prestigious and well-regarded investment firm has chosen to invest in the Freeport LNG facility. This announcement clearly sends a signal to the financial community about our ability to fund the planned expansion and further solidifies our ability to move forward."
Domestic natural gas will be transported via pipeline and pretreated near Freeport LNG's existing metering, compression and underground storage facilities. The pretreated natural gas will then be delivered to the terminal through Freeport LNG?s existing gas pipeline. At the terminal it will be liquefied and then stored in full-containment LNG storage tanks. LNG will be exported from the terminal by LNG carriers arriving via marine transit through the Freeport Harbor Channel.
A number of project milestones have been achieved this year. In February 2013, Freeport LNG executed a 20-year use-or-pay liquefaction tolling agreement with BP Energy Company equivalent to the minimum guaranteed production capacity of the second train. In May 2013, the Freeport LNG Terminal received conditional authorization from the U.S. Energy Department (DOE) to export 1.4 Bcf/day of LNG to non-Free Trade Agreement (FTA) countries. In November 2013, the DOE conditionally authorized the Freeport LNG Expansion to export greater volumes of LNG to non-FTA countries from the terminal. The additional export capacity is 0.4 Bcf/day, or a total of 1.8 Bcf/day. Earlier this month, Freeport LNG awarded two contracts, each valued at approximately $2.5 billion, to a joint venture between CB&I, Inc. and Zachry Industrial, Inc. to construct the initial two trains of the liquefaction project.
Commencement of construction of Freeport LNG's liquefaction project is subject to receipt of authorization to commence construction from the Federal Energy Regulatory Commission (FERC) and final investment decision by Freeport LNG.
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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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