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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
TVA, Midwest ISO and PJM Act to Improve Coordination of Grid
LCG, April 26, 2005--The Tennessee Valley Authority (TVA), Midwest Independent Transmission System Operator (Midwest ISO), and PJM Interconnection (PJM) have agreed to enhance the management, operation and facility planning of their combined electric transmission grid. The three organizations operate a grid that encompasses transmission lines in all or parts of 25 states, the District of Columbia, and the Canadian province of Manitoba, with a combined peak load of 264,000 MW.Late last week, the three organizations executed a Joint Reliability Coordination Agreement (JCRA) to improve congestion relief and the management of the reliability of seams between the wholesale electricity markets of the Midwest ISO, PJM and TVA's service territory. To achieve this objective, the organizations will share key operating information and extensive planning data to ensure that all three parties have the best information possible to support operations and to analyze and model the integrated operations of the combined grid.PJM, TVA and the Midwest ISO have also agreed to schedule joint transmission planning sessions to further reliability goals and economic facility expansions and upgrades across their integrated grid.
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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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