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.

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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.

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Press Release

LCG Releases ERCOT Electricity Market Outlook for 2013, 2014, 2015, 2016 and 2017

LCG, January 11, 2013 –LCG Consulting (LCG) of Los Altos, California has released the electricity market assessment and forecast of ERCOT operations for the years 2013, 2014, 2015, 2016 and 2017. These reports are based on ERCOT SSWG transmission topology and UPLAN simulations using ERCOT nodal protocol. Simulation results are also available for 2015 and 2017 using ERCOT Regional Planning Group’s transmission plan.

The extensive 2013 ERCOT Electricity Market Outlook report includes results of comprehensive hourly simulations of market operations as well as volatility simulations for Peaker Net Margin (PNM). The results from the extended simulations for the years 2014 through 2017 are based on most likely market conditions and are available in Excel format.

The reports include monthly forecasts of key metrics such as load zone and hub prices, ancillary service prices, top congested transmission lines, generation by fuel type, wind production and curtailment, and valuation of congestion revenue rights.

Customized details such as individual generator costs and revenues, hourly nodal prices (LMPs), transmission congestion, contingency, and other information of interest are available from the modeling results. These results can be used to assess capital investment opportunities and valuation of new and existing generation and transmission assets.

To purchase the 2013 Outlook or for information regarding custom reports or other market studies, please contact Julie Chien .

About LCG Consulting and UPLAN Models:
With over 30 years of experience in the industry, LCG’s expertise in modeling the ERCOT market is unparalleled. UPLAN, LCG’s comprehensive modeling system, has been proven to forecast market operations with a high degree of accuracy. It simulates power markets and operations to forecast the financial and physical operation of the entire grid.

Contact: Julie Chien
LCG Consulting

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