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

Diesel Problems Keep Seabrook Off-line

LCG, Dec. 15, 2000--The 1,150 megawatt Seabrook nuclear power plant in southeastern New Hampshire shut down October 21 to refuel and was expected back on-line by November 21, but continuing problems with a back-up diesel generator have prevented a restart and it appears they will continue to do so, a minority owner of the plant said yesterday.

Bay Corp Holdings Ltd., the parent company for Great Bay Power Corp. and Little Bay Power Corp., said that repairs to the diesel had been expected to be accomplished by the middle of this month, but haven't been. When mechanics tested one of the diesel generators recently, they broke it.

Seabrook is mostly owned by Northeast Utilities subsidiary Public Service Co. of New Hampshire and is operated by North Atlantic Energy Service Corp. North Atlantic is now projecting that the plant will be returned to service at the end of January.

Bay Corp got out a news release to explain the outage is costing it a lot of money for replacement power it must purchase at high rates to cover the 174 megawatts it isn't getting from Seabrook.

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