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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

New York Mayor Goes to Bat for Power Plants

LCG, April 16, 2001New York City Mayor Rudy Giuliani went to bat yesterday for mini-power plants the New York Power Authority wants to place in industrial sections of the Big Apple before summer heat puts pressure on the city's thin power margins.

In an article under his own byline in the New York Daily News yesterday, his honor cast a wary eye west and wrote "The rolling blackouts and rationing of electricity in Californiahave made most Americans vividly aware of the consequences of inadequate energy planning."

New York City doesn't have the option of importing power from other states or Canada, the mayor explained. "As a result of New York's experience with the blackouts of 1965 and 1977, the city is required by independent regulators to be able to have 80 percent of the forecast summertime peak usage of electricity supplied by power plants located in the five boroughs."

The generation isn't there, Giuliani said, because Gotham's population is at an all-time high, demand for electricity has outstripped resources and a new power plant hasn't been built in the city in more than a quarter-century.

"That's why New York City needs to support the near-term construction of environmentally sound power plants that are more reliable, supply cheaper prices and are safer for our air," the mayor wrote.

The NYPA is trying to install 10 small temporary combustion turbines at six sites in New York City and an 11th on Long Island, a plan that has Giuliani's backing. "In the long run, however, the construction of larger, more efficient and cleaner plants is needed," he said.

The mayor sought to allay concerns of those who live near the industrial areas where new generation facilities may be built. "New Yorkers need to understand that certain engineering realities dictate where power plants are located," Giuliani said. "New power plants need to be near electric connection points, high-pressure natural gas lines and a water supply for cooling. The city will do its best to help mitigate the effects of these plants on neighborhoods, but we can't change these basic realities."

Giuliani wrote that "In the long run, the best way to ensure that New Yorkers get affordable and dependable electricity is to continue deregulation. History has shown us that free markets do a much better job than government regulators at ensuring that customers pay the lowest prices. Open competition encourages accountability and innovation."

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