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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

Dominion, CME Plan 800 Megawatts for Michigan

LCG, April 12, 2001-- Dominion Resources Inc. said this morning it would partner with CME North American Merchant Energy in the proposed development of an 800 megawatt power plant near the village of Dundee in Monroe County, Michigan.

Jerry V. Llaneza, Dominion's director of business development, said "the proposal needs additional analysis. The ultimate timeline for developing and beginning commercial operations will depend on several studies that the new partnership intends to carry out before proceeding."

The company said it has yet to perform all the environmental and other permitting studies required for the $300 million plant. If the project moves forward, the plant will be fueled by natural gas supplied from Dominion's reserves in the region.

CME is a power plant developer currently involved in co-developing 6,300 megawatts of greenfield merchant plants in Ohio and Michigan.

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