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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

Judge Blocks New York City Summer Power Plants

LCG, April 5, 2001A New York Supreme Court judge yesterday threw a money wrench into plans by Gov. George Pataki to have seven new, small power plants in service in New York City by this summer, saying the New York Power Authority must halt all work until it conducts a thorough environmental review.

Judge Joseph G. Golia in the State Supreme Court in Queens ruled only on a plant planned for that borough, but dealt with some of the same issues being considered in a Brooklyn lawsuit challenging all the plants.

The NYPA, pressed to meet an expected electricity shortage in the Big Apple this summer, decided that it did not need to prepare environmental impact studies for the mini-plants, because of the time required for such studies.

Judge Golia said the Authority was in error, and concluded that it had marshaled its facts to support its pre-determined position. He gave parties to the suit five days to work out a settlement for him to sign. In the meantime, work on the Queens plant went on.

The Power Authority plans to install 11 small gas-fueled combustion turbines at six sites in New York City, two in the South Bronx, two in Brooklyn, one in Queens and one on Staten Island. A seventh site is on Long Island.

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