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

FPL to Build 1,789 Megawatt Texas Power Plant

LCG, April 18, 2001--FPL Energy, a subsidiary of FPL Group Inc. of Florida, said yesterday it will build, own and operate a 1,789-megawatt, natural gas-fired power plant in the Dallas-Fort Worth area that will be one of the largest independent generation projects in the state.

Construction of the combined-cycle facility is scheduled to begin in June with commercial operation expected in the second quarter of 2003, FPL said.

Development of the plant was begun by Cobisa Corp., which sold 95 percent of the project to FPL last year. The change was not announced at the time because of permitting uncertainties. Cobisa will retain 5 percent ownership.

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