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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

Southern Unit to Proceed with Three New Plants

LCG, Dec. 11, 2000--Southern Energy Inc. said on Friday it will proceed with development of three gas-fueled power plants, two in the Midwest ultimately totaling 1,120 megawatts of capacity, and one in New York of 750 megawatts.

"The Midwestern areas eventually served by two of these power plants are experiencing shortagesin electricity when demand is high," said Richard J. Pershing, chief executive of Southern Energy's Americas Group.

The company said it Energy intends to acquire the right to complete development of a 560 megawatt project in Wyandotte, Mich., south of Detroit. The development will be on a site formerly used for a variety of industrial purposes. The current developer already has obtained air permits for the site. and Southern expects to have the power plant running by the summer of 2003.

The company also began permitting to develop a power plant in Terre Haute, Ind., which will initially run as a 300 megawatt simple-cycle peaking plant in 2002. By 2004, the facility will be producing 560 megawatts of combined-cycle baseload power.

In New York, Southern plans a 750 megawatt expansion of its Bowline power plant in West Haverstraw, to be called Bowline Unit 3. Permitting for the project is underway, and the company intends to have Unit 3 running by the summer of 2003.

Southern Energy Inc. is an independent power producer subsidiary of The Southern Co.

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