AEP Will Proceed with North Central Wind Projects Despite Texas Commission Denying Approval

LCG, July 8, 2020--American Electric Power (AEP) announced last Thursday that, following the PUC of Texas not approving AEP subsidiary Southwestern Electric Power Co.'s (SWEPCO) plan to add 309 MW of wind energy to serve Texas customers, AEP will proceed to acquire the entire planned 1,485 MW of North Central wind projects.

Read more

JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

Read more

Industry News

NRC Issues Licenses to Duke for Two New Nuclear Reactors in South Carolina

LCG, December 23, 2016--The Nuclear Regulatory Commission (NRC) announced its issuance on Monday of two Combined Licenses (COL) for Duke Energy Carolinas' William States Lee III site in South Carolina. The licenses authorize Duke to construct and operate two AP1000 reactors at the site, near Gaffney, South Carolina.

In October 2005, Duke announced its plans to develop and submit an application to build the two reactors. Over nine years ago from today, Duke submitted the Lee application on December 12, 2007 to the NRC. In February 2008, Duke received notification from the NRC that the COL application was accepted and docketed. However, in October 2014, the NRC stated that it would not make a decision on the COL application until 2016 due to federal budget cuts and Duke's decision late in 2012 to change the location of the reactors by approximately 66 feet.

The NRC certified the 1,100-MW AP1000 design in 2011.

The NRC's Advisory Committee on Reactor Safeguards independently reviewed aspects of the application that concern safety, as well as the staff's final safety evaluation report. The committee provided the results of its review to the Commission just over a year ago on December 14, 2015. The NRC completed its environmental review and issued the final impact statement for the proposed William States Lee reactors three years ago in December 2013.

The new licenses contain conditions, including: specific actions associated with the NRC's post-Fukushima requirements for Mitigation Strategies and Spent Fuel Pool Instrumentation, and a pre-startup schedule for post-Fukushima aspects of the new reactor's emergency preparedness plans and procedures.

Duke has not made a final decision to build the Lee Nuclear Station. With an ever-changing regulations and low natural gas prices over the past few years, the COL provides an option to construct the reactors to meet the future needs of Duke's customers.

Duke's proposal is relatively unique for the United States in that Duke plans to build the reactors at a greenfield site, rather than to add capacity at an existing nuclear power station.
Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service