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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

North Korea Looks South for Help with Electricity

LCG, Dec. 28, 2000Economic cooperation talks between North and South Korea began today in Pyongyang with officials from the North asking for short-term electric power from the south side of the demilitarized zone, the Yonhap News Agency reported.

Cho Myung-kyun, a South Korean official taking part in the talks, said "The North side called for the speedy supply of electricity," according to Yonhap.

South Korean delegates proposed setting up a team from both Koreas to investigate the electric power system in the North and recommend ways in which the South could help. Officials from the South said public support would be needed before electricity could be sent across the DMZ.

Unless transmission lines have been built in the 48 years since we last viewed the DMZ, a good deal of infrastructure would also need to me constructed. The economic talks discussed the possibility of a cross-border railroad, so wires might not be far behind.

The economic conference is taking place at the vice-minister level after top-level discussions earlier this month recommended exploration of economic cooperation between the two Koreas. At the earlier meetings, North Korea asked the South for help in building 2,000 megawatts of conventional generation, starting with a 500 megawatt plant.

Assistance to the North in developing nuclear power plants has been stymied by concern on the part of South Korea, Japan and the United States over possible use of nuclear facilities to produce weapons grade plutonium by North Korea.

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