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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

Florida Power 530 Megawatt Plant Approved

LCG, Dec. 22, 2000--Florida Power Corp. said yesterday the Florida Public Service Commission has unanimously approved its request for permission to build a second 530 megawatt natural gas-fueled, combined-cycle power plant at the company's Hines Energy Complex in Polk County, east of Tampa.

The company said the new unit, scheduled to be in service by the end of 2003, will be a sister to the already operating Hines Unit 1 which began operations last year. The new Hines Unit 2 will be built by Siemens-Westinghouse, Florida Power said.

"Building Hines 2 is just one of the many ways Florida Power will meet its commitment to customersto provide competitively priced, reliable energy as the region continues to grow," said Florida PowerPresident William Habermeyer. "This new power plant ensures that we will be able to meet the growing energy needs of our customers."

There remains a regulatory hurdle for the new plant which requires Supplemental Site Certification from the Florida Department of Environmental Protection. The company filed for the certificate this last July and expects approval before next summer.

In California, that would take two or three years.

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