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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Florida PSC Approves Cost Recovery for New Nuclear Reactors
LCG, October 25, 2011--The Florida Public Service Commission (PSC) yesterday approved cost recovery for construction of nuclear reactors and additions to existing nuclear plants for Progress Energy Florida (PEF) and Florida Power & Light Company (FPL). The PSC approval of over $280 million provides for the utilities to begin recovering some nuclear project costs during the lengthy construction process in order to reduce financing costs.
For PEF, the PSC approved $85,951,036 cost recovery associated with construction of Levy Units 1 and 2, two, 1,100-MW nuclear reactors, plus capacity increases at its existing nuclear facility at Crystal River. When completed, these projects will add approximately 2,380 MW of new nuclear base load generation to PEF's system. The PSC states that the decision will saves PEF customers $500,000 in Project Management Costs for adding capacity to Crystal River Unit 3. The decision incorporates a stipulation that resolves whether PEF prudently managed its Unit 3 uprate license agreement.
The PSC approved $196,088,824 of cost recovery for FPL associated with (i) construction of Turkey Point Units 6 and 7 and (ii) adding capacity to existing Turkey Point Units 3 and 4 and St. Lucie Units 1 and 2. In total, FPL's projects will add over 2,600 MW of nuclear capacity. When combined with the PEF projects, Florida will gain about 5,000 MW of carbon-free, nuclear power when these plants commence commercial operations.
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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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