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

Enron May Bail Out of India, Paper Says

LCG, April 20, 2001Enron Corp., whose Enron India subsidiary is building a power plant that represents the largest foreign investment in India, is set to sell its interest in the Dabhol Power Company near Bombay, an Indian financial newspaper said this morning.

On Wednesday, Enron said it would meet in London on April 23 with lenders in the Dabhol project to bring them up to date in its ongoing dispute with the Maharashtra State Electricity Board, the state-owned utility that is Dabhol's only customer and is turning out to be something of a "payment impaired" consumer.

The Economic Times, an Indian newspaper, said this morning that the lenders will pressure Enron to sell out and get out.

The 740 megawatt first phase of the 2,184 megawatt project is complete and has been producing power since last year, with the rest of the plant due to go on line later this year. Since it first began delivering power to the MSEB, Dabhol has had trouble collecting its bills. It had to resort to invoking India's federal guarantee to get paid for last October, November and December and is now trying to collect its January bill.

Enron owns 65 percent of Dabhol, General Electric Co. and Bechtel Enterprises own 10 percent each, and the MSEB owns 15 percent. Under the original agreement signed in 1995 and modified in 1997, the MSEB was to purchase an additional 15 percent stake from Enron, but welshed on that deal and now says it doesn't need all that power, anyway.

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