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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

Let's Talk, Maharashtra Says to Enron India

LCG, April 13, 2001A committee appointed by the Indian state of Maharashtra has recommended that the state's electricity board negotiate a new agreement with Enron India to lower rates being charge by the U.S. company's Dabhol Power Co.

A report issued by the panel, nearly 200 pages in length, also recommended an overhaul of the Maharashtra State Electricity Board, the corruption-ridden government monopoly. The report cited high losses of electric power as it traversed MSEB's transmission and distribution systems.

A business often must wait years to get an electricity hookup, as applications wend their ways through a tedious bureaucracy. But a small amount of persuasion applied to the palm of a minor MSEB official can result in an immediate supply of power.

Up to a third of all the electric power produced in India is lost to theft or corruption on the wires of the state electricity boards, according to several recently-published economic studies.

Maharashtra government ministers contend that the power produced at Dabhol is "unaffordable," though it may have seemed affordable when contracts were signed in the mid-1990s. The state has had three new governments since those contracts were signed, and each one has complained about Dabhol's prices.

The panel's report said Enron was "open to negotiation," but last week Enron filed a notice of arbitration on the federal government of India in an effort to collect past-due electric bills from the MSEB. As part of the 1995 agreement, any dispute between Dabhol and the government can be resolved in the London Court of Arbitration.

Earlier this year, Enron had invoked India's sovereign guarantee to get Maharashtra to pay $17 million in outstanding bills. Now the company is seeking to collect another $48 million.

India has made no secret of its desire to attract foreign investment. Dabhol is the largest such investment in the country.

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