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

NY Demos Want City to Buy Con Edison Plants

LCG, April 20, 2001A New York State assemblyman, supported by 33 Democrat members of the lower chamber whose districts lie in and around New York City, has introduced legislation that would create a New York City Power Authority for the purpose of acquiring Big Apple power plants formerly owned by Consolidated Edison Co. of New York.

State Assemblyman Jim Brennan, a Brooklyn Democrat, said his plan would reduce electric rates by 10 to 15 percent.

As part of its restructuring plan to promote competition in the wholesale power market, Con Edison has already sold its plants to NRG Energy Inc. of Minneapolis, Orion Power Holdings of Baltimore and KeySpan Corp. of Brooklyn.

Industry observers in the Big Apple said the Democrats were playing to their constituencies and the bill would go nowhere because the state Senate is controlled by Republicans and Republican Gov. George Pataki understands that electricity prices are controlled by the balance between supply and demand. Pataki has been encouraging development of new generating facilities in order to bring down prices.

Even Democrats whose districts are not in or around New York City are cool to the idea. "We do not support more public borrowing to buy these plants. The answer is not to have a more socialist energy policy. We will be proposing several bills over the next couple of weeks that we feel will help reduce energy prices in New York City and the state," said John Howard, a spokesman for AssemblymanPaul Tonko, a Schenectady Democrat.

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