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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

Wisconsin Public Service Wants 16 Percent More in 2002

LCG, April 13, 2001--Wisconsin Public Service Corp. said yesterday it would ask state regulators to approve new electricity and natural gas rates for 2002. Overall electric and natural gas rates would increase about 16 percent and 4.5 percent, respectively, if the request is approved as is.

"We've done a very good job of keeping our overall rates low," said Bill Bourbonnais, manager for rates and evaluation. "Coming off a particularly difficult winter in terms of bills, we know this increase isn't going to make things any easier for customers. But to continue to provide reliable electricity and gas service, we need to invest in our facilities."

The company said much of the increase will go toward the costs associated with joining the American Transmission Co., created by the state legislature, and with making improvements to the Kewaunee nuclear power plant.

WPS plans to spend $120 million for new steam generators at Kewaunee. That, and other upgrades, will account for 45 percent of the electric rate increase.

"We need to make sure the plant operates smoothly and up to industry standards," saidBourbonnais. "The nuclear industry has seen a significant increase in the level of performance ofplants across the country and Kewaunee has to keep pace with those changing standards. Kewaunee is among the safest nuclear plants in the country. But we can't afford to wait. We need the electricity Kewaunee provides for our customers."

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