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

PPL to Build 540 Megawatt Plant Near Chicago

LCG, April 24, 2001PPL Corp. said yesterday it plans to build a 540 megawatt simple-cycle, natural gas-fueled power plant near the University Park suburb of Chicago, at a cost of about $305 million.

"Increased demand for electricity in many areas of the United States is triggering an urgent need fornew generation sources," said William F. Hecht, PPL chief executive.

The plant will be built in an industrial park with close access to natural gas and high-voltage transmission lines. It will use 12 combustion turbines to produce power and will be equipped with advanced emissions reduction equipment, PPL said.

During construction, the plant will provide up to 150 jobs, the company said. Commercial operation is expected to begin by the summer of next year.

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