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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

FPL Announces Texas New Wind Power Project

LCG, April 6, 2001--FPL Energy said yesterday it would build one of the world's largest wind-powered electric generating facilities on King Mountain in Upton County, Texas, about 50 miles south of Midland-Odessa.

The project will have a capacity of 278.2 megawatts, the company said. When the whims of nature are factored in, wind generation typically produces about 30 percent of its rated capacity, so the King Mountain facility will produce something like 84 megawatts.

"We are pleased to be enhancing our portfolio in Texas, where demand for electricity is growing and state regulators are encouraging development of a robust wholesale market, particularly in renewable sources and clean-burning natural gas," said Lew Hay, president of FPL Energy.

FPL Energy currently owns and operates a 1,000 megawatt natural gas plant in Paris, Texas and the 75 megawatt Southwest Mesa Wind Farm in West Texas. In addition, it has two plants currently under construction, a 535 megawatt natural gas plant in Bastrop, near Austin, and the 160 megawatt WoodwardMountain wind power facility, also in the Midland-Odessa area.

The King Mountain project will use 214 wind turbines rated at 1,300 kilowatts each. Figuring nine towers per square mile, the wind farm will occupy about 24 square miles of Texas.

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