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

PacifiCorp Proposes Separate Firms for Separate States

LCG, Dec. 5, 2000--Scottish Power said yesterday that its PacifiCorp subsidiary has asked regulators in six states to approve a legal and regulatory realignment of the company that would create individual state electric companies, a generation company and a service company.

PacifiCorp has already filed with the Federal energy Regulatory Commission announcing its intention to join a regional transmission organization, RTO West, which would control its transmission facilities.

Under yesterday's proposal, PacifiCorp's state electric companies would be subject to the jurisdiction of the states in which they are located. The generation company would be regulated by the Federal Energy Regulatory Commission, which also regulates transmission. The Securities and Exchange Commission would regulate the service company.

Scottish Power said the proposal is designed to provide a permanent allocation of generation benefits and costs among the states served by PacifiCorp. This will allow each state to pursue regulatory policies deemed appropriate without affecting customers in other states or treating shareholders unfairly, the company said.

The proposal is not expected to have a significant impact on employees, or lead to downsizingbeyond the company's previously announced transition plan.

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