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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

City's Exit Scrubs Scana Power Plant Plan

LCG, Dec. 20, 2000--Scana Corp. said this morning that the Fayetteville (N.C.) Public Works Commission voted Monday to withdraw from contract negotiations with Scana for the construction and joint ownership of a 500 megawatt electric generating facility.

Steven K. Blanchard, general manager of the Public Works Commission, recommended that Fayetteville withdraw from the negotiations unless Scana assume a greater portion of the potential financial risk in the event that the project could not be completed as scheduled. Company officials said the city should bear its proportionate share of the project's financial risks.

"We indicated to the (Public Works Commission) and City Council our belief that this project could be completed on time and on budget, so we are certainly disappointed in Monday's decision to not go forward," said Berry Gibbes, president of South Carolina Pipeline Corporation, Scana's natural gas transmission subsidiary.

"This project was proposed as a 60-40 partnership from the beginning. Unfortunately, the (commission) took a pessimistic view of the regulatory risk and potential time delays, which in the end,affected their confidence," Gibbes said.

The city and Scana announced the project last month. Fayetteville was to have a 60 percent interest in the plant and Scana 40 percent. Scana was to build a $90 million, 106-mile, 16-inch natural gas pipeline into Fayetteville, to fuel the plant and anything else the city had in mind. Yesterday, Scana got a letter saying the deal was off.

Gibbes said Scana would look around for other opportunities.

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