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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
Former Executive Involved in Project Alpha at Dynegy Sentenced
LCG, Mar. 29, 2004--Jamie Olis, a former executive and tax-planning specialist at Dynegy Inc., was sentenced to prison for more than 24 years by a federal judge in district court in Houston last week.Olis, 38, decided to plead not guilty to charges stemming from his role in setting up Project Alpha, which characterized a loan as cash flow. Project Alpha was said to make the company's financial condition appear better than it actually was. The sentence was based on recently imposed sentencing guidelines for business crimes. Under the earlier guidelines, Olis' conviction might have resulted in a seven-year sentence.Prosecutors contended that Project Alpha should be considered for its impact on Dynegy shareholders, who experienced investment losses when the nature of the accounting scheme was revealed. Two others who took part in the accounting treatment, including Gene S. Foster, Olis' former boss, and Helen C. Sharkey, a former specialist in risk-assessment, submitted guilty pleas and are likely to receive sentences of less than five years. Mr. Olis' lawyer, David Gerger, was quoted in the New York Times as saying, "The government is on a witch hunt, and today the witch hunt netted a very small fish."
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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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