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News
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LCG, December 2, 2025 — LCG today announced the release of its PJM Congestion Outlook for January–March 2026, delivering a fundamentals-based, three-month forecast designed to help traders and risk managers better navigate congestion risks in PJM’s FTR markets.
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LCG, December 2, 2025--The U.S. Department of Energy (DOE) today announced the selection of the Tennessee Valley Authority (TVA) and Holtec Government Services (Holtec) to support early deployments of advanced, light-water small modular reactors (SMRs) in the United States. With this announcement, DOE is supporting the first-mover teams to develop and construct the first Gen III+ small modular reactor (Gen III+ SMR) plants in the United States. The project teams will receive up to $800 million in federal cost-shared funding to advance initial projects in Tennessee (TVA) and Michigan (Holtec) and act to expand the Nation’s capacity while facilitating additional follow-on projects and associated supply chains.
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Industry News
FPL Offers $222.5 Million To Settle Sugar Power Suit
LCG, July 24, 2000--Florida Power & Light Co. said on Friday it was willing to pay $222.5 million to settle a lawsuit that it initiated in January 1997 in an attempt to get out of a pair of power purchase agreements.The company said it would seek to recover the cost of the settlement from its customers, but it was a good deal because the power purchase agreements would have cost them $350 million over their 30-year lives.On Jan. 8 1997, FPL filed suit asking to be freed from its obligations under agreements signed in 1991 to purchase power from Okeelanta Power, owner of a 70 megawatt cogeneration plant, Gator Generating, owner of a 55 megawatt cogenerator. Both power plants were fueled by bagasse, the waste produced by refining sugar cane.The power plants were partnerships between the Fanjul family of Palm Beach and U.S. Generating, a joint venture between PG&E Corp. and Bechtel Enterprises. In trying to weasel out of the power purchase contracts, FPL claimed the plants had been late coming on line.That lawsuit set off a chain of events. The U.S. Generating-Fanjul companies sought protection under Chapter 11 of the bankruptcy laws. They also defaulted on payments of $288.5 million in tax-exempt bonds that were issued to pay for the plants.The bonds are mostly held by institutions such as the Dreyfus Funds, Franklin Funds and Goldman Sachs & Co. They are now willing to take 77 cents on the dollar rather than pursue additional lengthy litigation."This amount of money is more than adequate when compared with going ahead and trying the case," said William Smith, an attorney for most of the bondholders. "This will allow us to bring an end to a three-year debacle."The Fanjul family must also approve the settlement. A spokesman said they had not yet reviewed FPL's proposal.
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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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