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

California Utilities Told to Shed Load Under 'Stage 2 Emergency'

LCG, Dec. 5, 2000--California's investor-owned utilities were directed yesterday afternoon to curtail power deliveries to customers with interruptible contracts as the state's reserves of electricity fell below 5 percent, triggering a "Stage 2 Emergency."

At the same time, the utilities and the California Independent System Operator called on all customers to immediately reduce electricity consumption.

Pam Bass, Southern California Edison Co. senior vice president for customer service, said late yesterday afternoon "If power does not decrease soon, it will be necessary to begin shutting off power for blocks of customers. Everyone needs to cut their use of power now to avoid forced outages."

Pacific Gas & Electric Co. said part of the problem was caused by a transmission outage in the southern part of its service territory, near Bakersfield. When some wires went out, a power plant shut down to protect itself.

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