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News
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LCG, March 31, 2025--Dow and X-Energy Reactor Company, LLC ("X-energy") today announced the submission of a construction permit application to the U.S. Nuclear Regulatory Commission ("NRC") for a proposed advanced nuclear project in Seadrift, Texas. The proposed advanced small modular reactor ("SMR") project could begin construction later this decade and commence operations early next decade.
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LCG, March 27, 2025--Avangrid, Inc., a member of the Iberdrola Group, today announced that its True North Solar project, located in Falls County, Texas, has achieved commercial operation. The True North Solar project will deliver electricity into ERCOT and support Meta's operations, including Meta's upcoming data center in neighboring Temple, its second data center in Texas.
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Industry News
Renewable Tax Credits Extended
LCG, January 7, 2013--The American Taxpayer Relief Act of 2012 was signed into law by the President on January 2, 2013, and the legislation includes provisions that extend tax credits for wind energy, biodiesel, cellulosic ethanol, electric vehicles, energy-efficient new homes and appliances.
The extension of the wind energy Production Tax Credit (PTC) both changes (i) the milestone from placing a new facility into service to commencing construction, and (ii) the deadline from January 1, 2013 to January 1, 2014. Given the new milestone, the one-year extension equates to much more than a year extension for project development.
Without the extension of the PTC and with relatively low natural gas prices, the outlook had been poor for continued growth in the development of land-based and offshore wind farms in the United States.
The American Taxpayer Relief Act of 2012 also extends the ability of new wind and certain other new renewable energy facilities that qualify for the PTC to elect a 30% investment tax credit (ITC) instead of using the PTC where construction began before January 1, 2014.
The Act also extends for another year "bonus depreciation" that allows taxpayers to immediately deduct 50 percent of the adjusted basis of certain types of property when the project is placed into service. Project developers now have until January 1, 2014 to place new solar, wind, or other renewable energy equipment into service.
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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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