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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

Slovakia Takes First Steps in Power Privatization

LCG, April 30, 2001The government of Slovakia took its first steps toward privatization of its electric industry today, taking out ads seeking advisers to manage the sale of the country's three electricity distribution companies.

The three firms are government-owned monopolies within the three Slovakian administrative regions: Zapadoslovensky, Stredoslovensky and Vychodoslovensky. The government plans to sell 49 percent each of the three firms by the end of this year.

Next year, Slovakia hopes to sell a 49 percent interest in its dominant electric generation monopoly, Slovensky Elektrame.

Slovakia, which is pushing for membership in the European Union, has dragged its feet in the liberalization of its power sector, seen as a condition of acceptance by the EU. Because of its late start, the privatization program is well behind schedule and observers doubt that stakes in the distribution companies can be sold this year or that the much more complex partial sale of Slovensky Elektrame can be completed next year.

Though the current government has lent its support to liberalization, it has yet to consider legislation to govern a semi-private electricity sector. There is, for example, no provision for regulation.

When the distribution companies are sold, Vychodoslovensky energeticke zavody is likely to go first because it is a pure power company with no municipal heating subsidiaries that would need to be split off beforehand. Zapadoslovensky energeticke zavody will likely draw the greatest interest because it serves the most industrialized portion of Slovakia, including the capital city of Bratislava near the Austrian border.

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