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

Dynegy to Build 330 Megawatt Kentucky Plant

LCG, April 16, 2001Dynegy Inc. said this morning it planned to build a 330 megawatt simple-cycle peaking power plant adjacent to its 500 megawatt peaking project in Louisa, Ky. The new Foothills Generating Project will be constructed on the same 20-acre Big Sandy River site as the Riverside Generating Project.

"Our decision to develop the Foothills Generating Project was based on the rapidly growing demands of the wholesale energy market in Kentucky and the neighboring region," said Steve Bergstrom, president and chief operating officer. "In addition to representing further progress in our long-term strategy to expand our generation portfolio throughout the country, this project demonstrates the scalability of our existing assets."

Dynegy said it will sell the power generated at the plant in the wholesale electricity market to investor-owned utilities, electric cooperatives and municipalities throughout the East Central Area Reliability Council and other regions of the country. Commercial operation is expected to begin during the second quarter of 2002.

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