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

Two New Power Plants; One Withdrawn

LCG, April 11, 2001Plans to build one new power plant and ground-breaking for another were announced yesterday, as was the decision by one company to back away from a project because of environmental concerns.

FPL Energy, an unregulated subsidiary of Florida-based FPL Group Inc. said it will build, own and operate a 624 megawatt, natural gas-fired power plant in Calhoun County in northeastern Alabama. Construction of the simple-cycle combustion turbine plant is scheduled to begin later this year, with commercial operation expected in the summer of 2003. The plant's output will be sold mostly to Alabama Power Co., a subsidiary of The Southern Co.

TransAlta Corp. said it broke ground yesterday on a new 248 megawatt natural gas-fired combined-cycle power plant near Centralia, Wash., where TransAlta purchased the 1,340 megawatt Centralia plant and coal mine last year. The new facility, called Big Hanaford, is scheduled to begin commercial operation by July of next year. Washington Gov. Gary Locke was on hand to turn over a spadeful of earth, saying "The citizens need low-cost, environmentally responsible power."

PSEG Power LLC said it has dropped plans to build a power plant in White River Township, Indiana, due to results from an environmental analysis and objections from residents of the township. When local citizens got wind of the White River project, they raised objections to the proposed plant's use of water flow. PSEG said it believed that there was plenty of water for the 500 to 800 megawatt plant but, because of the uncertainty and also because other sites are available on White River the decision to withdraw the pant was made.

"While we believe that the flows would allow us to obtain a permit to construct a combined cyclefacility, the flow rates of the White Water River do not give sufficient margin of comfort for PSEG,especially in light of other possible plants proposed on the river," Lathrop Craig, manager of project development at PSEG Power, said in a statement.

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