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

PSEG Begins 204 Megawatt Plant in Poland

LCG, April 23, 2001Public Service Enterprise Group of New Jersey said this morning is has begun building a 204 megawatt power and heating plant in Poland at an expected cost of $335 million.

The facility will be fueled by hard Silesian coal, plentiful in southern Poland. PSEG will finance construction from its own fund and a syndicated loan and expects to have the plant in operation in late 2003.

"PSEG wants to be a major energy supplier in Poland," said Michael Thomson, chief of PSEG's European unit at a news conference held in Chorzow, in the Silesian province of Katowice, where the new plant is being built.

PSEG, which owns Public Service Electric & Gas Co. of Newark, said it is also bidding to acquire a stake in a mid-size existing power plant from the Polish treasury and may bid on other offers which the government will make later this year.

Poland has said it would privatize 17 power plants and 33 electric distribution systems by the end of next year.

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