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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
New York PSC Directs RG&E to Contract for Power from R.E. Ginna Nuclear Power Plant
LCG, November 17, 2014-The New York Public Service (PSC) ordered Rochester Gas & Electric (RG&E) to negotiate a power purchase agreement (PPA) for electricity generated from the R.E. Ginna Nuclear Power Plant, which is owned by Constellation Nuclear Energy Group, a subsidiary of Chicago-based Exelon.
Constellation had petitioned for assistance from the PSC, stating that it had lost $100 million over the last three years and that it has forecast revenue shortfalls after the contract with RG&E expired at the end of last June. Exelon stated to the PSC, "Projected market revenues are insufficient to support the Ginna facility's continued operation."
Under the expired contract, RG&E purchased 90 percent of the power generated from the 581-MW nuclear power plant. After the expiration, Constellation has to accept competitive market prices. With relatively low natural gas prices and low market prices for electricity, the non-carbon emitting nuclear facility could be uneconomic to run, which could then lead to the closure of the facility. Based on a study released last month, closure of the base load, 44-year old nuclear facility, located 22 miles northeast of Rochester, could increase grid reliability risks.
The PSC stated that, with its order, it is acting to protect grid. The Chair of the PSC would like to develop a solution to maintain grid reliability until an alternative can be implemented.
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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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