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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

Newsmakers

Robert E. Busch, senior vice president for finance and chief financial officer of Public Service Electric & Gas. Co., has been given the additional role of president and chief operating officer of PSEG Services Corp. Both firms are units of utility holding company Public Service Enterprise Group.

Mitch Davidson has been appointed senior vice president for origination for the eastern United States by the Duke Energy North America unit of Duke Energy Corp.

Bonnie G. Hill has been appointed a non-executive director of National Grid Group Plc, effective upon the company's acquisition of Niagara Mohawk Holdings Inc. of which she is currently a director. Dr. Hill is president and chief executive The Times Mirror Foundation and a senior vice president of the Los Angeles Times newspaper.

Marcus Jackson has been appointed president and chief executive of Semco Energy Inc., a natural gas company serving customers in Alaska and Michigan. Jackson, most recently an executive vice president of Kansas City Power & Light Co., is already a member of Semco's board.

Lawrence C. Nussdorf has been elected a director of Potomac Electric Power Co. He is president and chief operating officer of Clark Enterprises Inc., and vice president and treasurer of The Clark Construction Group Inc.

Pauline A. Schneider has been elected a director of Potomac Electric Power Co. She is a partner in the law firm of Hunton & Williams.

David Wiggs has been named interim general manager of the Los Angeles Department of Water and Power, replacing S. David Freeman who has accepted an as-yet-to-be-defined energy position in the administration of California Gov. Gray Davis. Wiggs is best known as the former head of El Paso Electric Corp. In that role he had the dubious distinction of becoming only the second utility executive since the Great Depression to lead a company through Chapter 11 bankruptcy.

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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
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Generation and Transmission Planning and Optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service