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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

NRC Approves 20-Year License Extension for Davis-Besse Nuclear Power Station

LCG, December 10, 2015-The Nuclear Regulatory Commission (NRC) Tuesday approved a 20-year license extension for FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corporation, to operate the Davis-Besse Nuclear Power Station, which is located approximately 35 miles east of Toledo, Ohio. The NRC's approval follows extensive safety and environmental reviews, public meetings and comments. The license extension of the 908-MW unit will enable the unit to operate until 2037.

FirstEnergy Corporation's executive vice president stated, "Today's NRC decision is another key milestone that helps ensure the continued operation of a vital baseload power plant in Ohio. The license extension secures an important source of carbon-free power for our region while providing thousands of family-sustaining jobs and significant financial support for the community."

The Davis-Besse Nuclear Power Station includes one pressurized water reactor that began operations in 1977.

FirstEnergy stated that it has invested nearly $1 billion to help ensure continued safe and reliable operations of Davis-Besse through the period of extended operation, including the installation of a new reactor head in 2011 and two new steam generators in 2013. Power output capacity increases at the plant total 25 MW since 2003.

The plant's original license was set to expire on April 22, 2017. FENOC submitted a license renewal application to the NRC in 2010. Davis-Besse is the 81st nuclear reactor in the United States to receive a license extension from the NRC.
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