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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

Cinergy to Buy Two Enron Plants in Southeast

LCG, Dec. 13, 2000--Cinergy Corp. said yesterday that a subsidiary and Enron North America have signed an agreement for Cinergy Capital & Trading inc. to purchase for an undisclosed sum two natural gas-fired merchant electric generating facilities located in the southeastern United States.

"This acquisition in combination with our recently deregulated Ohio generation and the peakingcapacity added early this year creates for Cinergy a significant and balanced generation portfolio ofbaseload and peaking capacity," said James E. Rogers, president and chief executive of Cinergy Corp.

The acquisition consists of Enron's 494 megawatt Brownsville generation facility located inHaywood County, Tennessee and the 504 megawatt Caledonia generation facility located inLowndes County, Mississippi, both of which entered into service in June 1999.

Both facilities are located in the Southeastern Electric Reliability Council region and are interconnected to the Tennessee Valley Authority transmission system.

The completion of the acquisition is subject to, among other things, receipt of approval of theFederal Energy Regulatory Commission and expiration of the waiting period under theHart-Scott-Rodino Antitrust Improvements Act of 1976. Cinergy said it expects that regulatoryapprovals would be obtained and the transaction will close in the spring of next year.

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