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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

California Approves Enron 750 Megawatt Plant

LCG, Dec. 21, 2000--Enron North America said yesterday that it has received unanimous approval from the California Energy Commission for its 750 megawatt Pastoria Energy Facility, which is located in Kern County, southwest of Bakersfield. The project was announced in late 1998.

"This decision represents our second permit of an efficient, clean-burning power plant that will helpCalifornia overcome the tremendous energy shortfall the state has experienced this year," said DavidParquet, vice president, Enron North America.

The company recently sold its first project in California, the 508 megawatt Pittsburg District EnergyFacility, to Calpine Corp., which renamed it Los Medanos Energy Center, will build it and have it in commercial operation next year.

Parquet said "We have more than 2,000 megawatts of additional new projects under development in California, and we're eager to move forward with these plans to provide more generating capacity to the state."

So long as Californians keep burning megawatts as if they were free, the state need all the power plants it can get.

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