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

Shareholders Okay FPL-Entergy Merger

LCG, Dec. 18, 2000--Shareholders of FPL Group Inc. and Entergy Corp. approved at separate meetings Friday the merger of their two companies, a combination that will serve more than 6.3 million customers in the U.S. Southeast.

Though billed as a "merger of equals," the transaction is an acquisition of Entergy by FPL. FPL chairman James L. Broadhead will be chairman of the new company while Entergy chief executiveWayne Leonard will be president and chief executive officer. The 15-member board will consist ofeight members from FPL and seven from Entergy.

About 99 percent of Entergy shareholders who cast votes favored the marriage, as did some 97 percent of FPL's. The deal, which requires approval by federal, state and local agencies, is expected to be completed in about a year.

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