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

Brazil Okays 11,000 Megawatt Hydro Project

LCG, April 30, 2001The Brazilian government, anxious to end the nation's electric power shortages with one massive project, intends to move forward with development of an 11,000 megawatt hydroelectric project on the Xingu River in the northern state of Para.

The $6 billion facility was first broached a decade ago but has languished because of environmental concerns, but the government, through the Ministry of Mining and Energy, now intends to proceed with the development at the town of Belo Monte on the Amazon tributary.

Officials at an energy forum in Sao Paulo last week said the plant would be financed with government and private money and could be completed by 2008. It would add almost 16 percent to the installed generating capacity in Brazil.

Original plans for the giant plant have been changed to take advantage of a curve in the Xingu River so that the impoundment will occupy space that is already flooded every year by the river.

The head of Electronorte, Para's state-run utility, said "Before the end of the year, the concession will be tendered and construction by private initiative with the government's support should start."

Changes in the original plans for the project, which make better use of the topography of the area, are hoped to prepare a path for significant external financing, particularly from the World Bank and the Inter-American Development Bank. Brazil's National Development Bank, federal power monopoly Eletrobras, mining giant Cia Vale do Rio Doce and Odebrecht industrial group are also seen as likely to take part in the project.

"It's a good moment to enter this project, which should make the electric system more secure," said National Energy Secretary Afonso Henriques Santos.

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