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

Scottish Power May Bid $3 Billion for Portland General

LCG, April 30, 2001Scottish Power Plc, the big British electric company that bought PacifiCorp, a multi-state U.S. utility in the Pacific Northwest in 1999, was said yesterday to be considering a $3 billion offer for Enron Corp.'s Portland General Electric Co.

A $3.1 billion deal for Enron to sell Portland General to Sierra Pacific Resources Inc. broke down last week after Nevada put its electric deregulation scheme on hold for fear that problems besetting California might wash across the border between the states. Sierra Pacific had counted on using proceeds from the sale of its Nevada power plants to pay Enron for the Oregon utility, but the plant sales were frozen by Nevada's action.

The British newspaper The Observer observed yesterday that Portland General would be a "perfect fit" with PacifiCorp, which does business in California, Washington, Wyoming, Utah and Idaho, as well as Oregon.

"Portland sits in the middle of PacifiCorp territory in Oregon," an unnamed source told The Observer. "There would be added customers and big synergies in infrastructure, operations, and head office functions. It would make sense."

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