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

Reuters Ranks Big Power Companies Worldwide

LCG, April 11, 2001When Germany's Eon announced its planned takeover of Britain's Powergen earlier this week, it said it would create the world's largest investor-owned electricity and gas utility when measured by market value.

Market value depends on the current trading price of a company's stock, so Reuters decided to rank the top dozen by sales of power, measured in megawatt-hours, and threw in government-owned utilities as well.

Here is Reuters' top twelve:

  1. RAO-UES of Russia (government-owned)
  2. Electricit de France (government-owned)
  3. Eon plus Powergen
  4. Tokyo Electric Power Co.
  5. Enel of Italy (government-owned)
  6. American Electric Power Co. Inc.
  7. RWE of Germany
  8. The Southern Co. of the U.S.
  9. TXU Corp. of the U.S.
  10. Endesa of Spain
  11. Electrobras of Brazil (government-owned)
  12. Scottish Power
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