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

Massachusetts Orders Power Plant Clean-up

LCG, April 24, 2001Massachusetts has decided to go it alone in the war against greenhouse gases by placing tough, new emissions rules on six power plants that produce 40 percent of the state's electricity.

The Bay State will become the first state to limit carbon dioxide emissions from power plants under new standards unveiled yesterday by Acting Gov. Jane Swift. The new rules also severely curb emissions of mercury, sulphur dioxide and oxides of nitrogen.

Swift said the new regulations will cut pollutants that cause smog and acid rain by up to 75 percent over the next seven years, but it was the requirement that carbon dioxide emissions be reduced that caught attention, following the decision by the Bush administration to scrap the Kyoto global warming accords.

"He and I, in this case, came to a different conclusion," Swift said of her fellow Republican, as she announced the new regulations which will require power plants to reduce carbon dioxide emissions by 10 percent.

Operators of big Massachusetts power plants said they had not yet had time to study the new rules and would withhold comment. A spokesman for the state's industrial firms, though, said the new standards were worrisome, especially because the plants were already meeting federal clean-air standards.

"There may be unintended consequences," warned Robert Ruddock of the Associated Industries of Massachusetts, such as "a problem with pricing and reliability."

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