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News
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LCG, July 10, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted a construction permit application for review from the Tennessee Valley Authority (TVA) to build one of the nation’s first small modular reactors (SMR). TVA submitted its application in late May to use GE Vernova Hitachi’s BWRX-300 design and to install the advanced nuclear plant at its Clinch River site near Oak Ridge, Tennessee. TVA's application is the first in the U.S. that uses GE Vernova Hitachi’s BWRX-300 design.
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LCG, July 9, 2025--Strategic Value Partners, LLC (together with its affiliates, SVP) yesterday announced that its managed funds (the "SVP Funds") have agreed to acquire Red Oak Power, an 831-MW natural gas-fired combined-cycle power generation facility located in Sayreville, New Jersey.
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Industry News
Federal Prosecution of Reliant May Be Near
LCG, Mar. 9, 2004--Federal prosecutors have notified Reliant Energy that an investigation into behavior by subsidiary Reliant Energy Services' traders and employees could lead to criminal indictments, the company has said.Regulators with the Federal Energy Regulatory Commission (FERC) reached a settlement worth $13.8 million with Reliant over the apparent exercise of market power in Southern California power markets in June 2000, where Reliant Energy Services, now called Reliant Resources Inc., owns power plants. The settlement ended the agency's investigation. Transcripts of conversations between traders with the company were released by FERC, due to the clearly expressed intent to boost prices by deliberately withholding power from the market.Reliant said that it would argue against any charges brought against it. According to the University of California Energy Institute's Severin Borenstein, who was quoted in the Sacramento Bee, "Frankly, I think they will have a hard time getting very far. I'm not aware of any criminal laws covered by what Reliant did, though I believe they certainly are guilty of exercising market power and driving up prices."The San Francisco office of the U.S. attorney did not provide comment, as its investigation is pending.
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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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