NRC Issues Subsequent License Renewals for First Time to Nuclear Reactors in Florida

LCG, December 11, 2019--The Nuclear Regulatory Commission (NRC) staff recently approved Florida Power & Light's (FPL's) application for an additional 20 years of operation for Turkey Point Nuclear Generating Units 3 and 4. This is the first time the NRC has issued renewed licenses authorizing reactor operation from 60 to 80 years. The subsequent (or second) license renewals (SLRs) for Turkey Point Unit 3 and Unit 4 now expire on July 19, 2052 and April 10, 2053, respectively.

Read more

New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

Read more

Industry News

Nevada Power Tries to Make Rates More Manageable

LCG, March 25, 2002-Nevada Power produced a new plan to reduce the effect of the $922 million rate increase its customers will be saddled with.

On Friday the Nevada generator presented an adjustment to its previous three year plan to increase rates by 21 percent. The new plan increases rates by 8.8 percent over six years instead.

Basic economics says that this results in higher costs because customers would have to deal with interest over more periods.

State Consumer Advocate Tim Hay says he may appeal the rate case if the Nevada Public Utilities Commission does not reduce rates.

However, according to the Las Vegas Review, Nevada Power chief executive Walt Higgins said that the plan offered hope in the face of rate increases and future power shortages.

The $922 million was spent last year purchasing wholesale power and fuel.

According to Higgins, Nevada Power's plan is made possible by an agreement with Reliant Energy and Williams Cos. High- and low-cost power contracts could then be mixed according to "blend and extend" agreements.

In addition, Nevada Power will buy power from Williams and promptly sell it back to Williams at a profit. At the end of a specified period, Williams would then purchase power from Nevada Power and sell it back at a profit.

Many in the state, such as state Senator Randolph Townsend (R ), still oppose the rate increase, citing state law that only allows for rate increases for practical expenditures.

Copyright © 2019 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...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service