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Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

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Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

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Industry News

New York Pursues 2,000 MW of Offshore Wind

LCG, July 28, 2022--The Governor of New York yesterday announced the release of New York's third competitive offshore wind solicitation that seeks at least 2,000 MW of additional renewable capacity. New York State currently has five offshore wind projects in active development that total over 4,300 MW of capacity, and the goal for the State is 9,000 MW by 2035. The additional capacity gained from the new solicitation will be a big step towards the 2035 goal.

The Governor stated, “New York is proud to continue leading the way in offshore wind development while establishing a blueprint for building a locally-based green economy. Today we are putting words into action and making it clear that New York State is the national hub of the offshore wind industry. The clean energy transition is driving significant private investment and family-sustaining jobs in communities across the state, and we are setting ourselves up for success with a brighter and more sustainable future.”

For offshore wind development in New York and the region to align with the Governor's State of the State priorities and effectively proceed, the New York State Energy Research and Development Authority (NYSERDA) has initiated a New York State Cable Assessment Study to help identify constrained and strategic offshore wind cable routes to access key points of interconnection on the grid as well as the Offshore Wind Master Plan 2.0: Deep Water.

The NYSERDA President and CEO said, “Releasing our third offshore wind solicitation provides a further opportunity to revolutionize our economy and continue to build a thriving offshore wind industry right here in New York as we continue to grow our nation-leading renewable energy project pipeline. We continue to prioritize a transition that is cost-effective, environmentally responsible, and benefits all New Yorkers - and we look forward to partnering with project developers who share those same goals.”
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