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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

Kuwait Plans $2.2 Billion in Power Development

LCG, Oct. 1, 2001--The Kuwait Ministry of Electricity & Water has formally appointed U.S. firm Parsons Brinckerhoff International as consultant for three new power stations, to be built at an estimated cost of $2.2 billion.

The three projects, approved last month by the Kuwait cabinet, include the 2,500 megawatt Al-Zour North project which will cost an estimated $1.8 billion. The two other projects are a 600 megawatt plant at Shuaiba and a 400 megawatt facility at Subiya. The cost of those two is expected to be about $420 million.

The big Al-Zour North project is expected to begin commercial operations in the second half of 2006, while the two smaller plants are penciled in for mid-2003.

According to the Middle East Economic Digest, the next stage in the projects will be the preparation of tender documents for engineering, procurement and construction contracts. For Al-Zour North, the government has looked at a build-operate model, the publication said.

The new plants will be fueled by natural gas, provided by the proposed Qatar-Kuwait pipeline. Kuwait plans to import between 800 million and 1.4 billion cubic feet of gas per day from Qatar's North field.

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