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

L.A., With Plenty of Power, Aims to Help California

LCG, Dec. 13, 2000--The City of Los Angeles has plenty of electric power for its 3.8 million residents and its many commercial and industrial establishments, despite the power shortage that has gripped the rest of California for the past eight months, the Los Angeles Department of Water and Power said yesterday.

So, the nation's largest municipal utility said it would sell its left-over power to California utilities that come up short.

Outside of L.A., everybody in California is coming up short as far as electricity goes. Yesterday, the California Independent System Operator declared yet another "Stage Two Electrical Emergency" after a large power plant in Southern California tripped off line. It was the seventh Stage Two in as many days.

Last week, one of them escalated into a Stage 3, under which rolling blackouts can be ordered. Involuntary load shedding was narrowly averted when another state agency, the South Coast Air Quality Management District suddenly awakened to the power shortage and allowed plants representing about 2,000 megawatts of capacity to come back on line.

Those plants had used up their emission allowances by running day and night all summer, as did every other power plant in the state, in a successful effort to keep the California electric power infrastructure from collapsing.

The LAWPD said it sold from 300 megawatts and 600 megawatts of surplus power at various times on Monday and had another 275 megawatts to spare yesterday. During the Stage 3 last week, the muni scraped up 1,500 megawatts to assist other utilities.

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