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

Connecticut Sues to Block Con Ed-Northeast Merger

LCG, Dec. 5, 2000--Connecticut Attorney General Richard Blumenthal, a man who has built his career on harassing Northeast Utilities, has filed suit to prevent the acquisition of that utility by Consolidated Edison Inc.

In a suit filed in the Superior Court of Connecticut in New Britain, Blumenthal charged that Con Edison's high rates and poor environmental record would be exported from New York to Connecticut in the merger were allowed to go through.

Blumenthal charges lots of things. A couple of years ago he was charging Northeast with a terrible environmental record, saying the utility had created an "unlicensed nuclear waste dump" at the site of its shuttered Connecticut Yankee nuclear power plant in Haddam Neck.

That got the U.S. Environmental protection Agency and the state Department of Environmental Protection interested so they investigated. It turned out there wasn't enough radiation found to compete with a full set of dental x-rays.

Yesterday, Blumenthal asked the court to overturn a decision by Connecticut regulators to approve the Con Edison-Northeast merger, subject to a laundry list of conditions that the utilities said were likely to kill the transaction anyway.

The two utilities are themselves having second thoughts about the deal, in light of conditions imposed by Connecticut and some other states.

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