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 Unit Plans 330 Megawatts for Virginia

LCG, Dec. 15, 2000--Cinergy Corp. said yesterday that its Cinergy Capital & Trading Inc. subsidiary is considering development of a 330 megawatt natural gas-fueled power plant in an industrial park in Martinsville, Va.

The project would consist of four combustion turbines operating in simple-cycle as a peaking plant. Cinergy said the facility would cost between $150 million and $180 million to build. It would use "enhanced silencing equipment" to reduce noise, the company said.

"We are very interested in the Martinsville location as a potential site," said Art Vivar, vice president for business development. "We are familiar with Martinsville through their involvement in the Blue Ridge Power Agency to which we provide power, and we are very appreciative of the assistance we have received from the mayor and city administration in reviewing sites for possible development."

Under a preliminary construction schedule, work at the site would begin in the fall of 2002 with anexpected completion date of the summer of 2003. A 35-year-oldfour-inch natural gas pipeline would be replaced with a larger 16 to 20-inch pipeline that meets allcurrent safety standards to provide gas for the facility and to increase the supply of gas available inthe Martinsville area. The plant would tie into an existing electric transmission line at the industrialpark.

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