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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

Washington Says No Rate Hike for Puget Energy

LCG, Oct. 5, 2001--The Washington Utilities and Transportation Commission said yesterday it has rejected a request by Puget Sound Energy Co. for an emergency $84 million rate increase.

"Here, there is no demonstration that the failure to grant the requested relief would cause clear jeopardy to the utility or detriment to the ratepayers," the three-member commission wrote in its decision.

The company, a subsidiary of utility holding company Puget Energy Inc., had asked for the rate increase on August 21, saying it was needed because of volatile wholesale power prices and a long drought which had reduced the availability of hydroelectric power by about half.

The commission said Puget Sound Energy would file a general rate case next month, which will allow the regulators "to review more thoroughly the company's financial records, power costs and other business expenses. Today's ruling by the commission has no bearing on future rate-case decisions."

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