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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

Ohio Issues Status on Retail Electric Competition

LCG, April 4, 2001--The first three months of "electric choice" have brought few shopping choices but welcome consumer protection standards for Ohio's residential electric customers, according to state Consumers' Counsel Robert S. Tongren.

In a report issued today on the status of retail electric competition in Ohio and its impact on the state's residential consumers, Tongren noted that "competition has been slow to develop, choices have been slow to materialize and savings have been slow to accumulate," residential consumers are benefiting in other ways.

Though alternative providers of electricity have not swamped householders with offers, "it's equally true that they aren't being subjected to the kind of risks that Californians are facing," said Tongren. "From our perspective at the Ohio Consumers' Counsel, that's a fair and reasonable trade-off."

Tongren warned out-of-state businessmen that Ohio will not tolerate "market abuses such as thoseseen in California. We will react swiftly and forcefully to ensure the continued integrity of Ohio'scompetitive electric marketplace to protect the interests of the state's residential consumers."

Forty-nine other states are making hay on California's pasture.

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