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

Duke Begins Building Washington 600 Megawatter

LCG, Oct. 10, 2001--A subsidiary of Duke Energy Corp. said this morning that it would break ground today on a new $300 million electric power generating facility in Grays Harbor County, Wash., about 32 miles west of Olympia.

Duke Energy North America said the Grays Harbor Energy Facility, a 600 megawatt, combined-cycle power plant, will be located in the Satsop Development Park and is slated to begin commercial operation in mid-2003.

U.S. Sen. Patty Murray noted that the energy crisis "does not get the attention it received a few months ago" but pointed out that the new plant will provide "much needed power, as well as family-wage jobs for Grays Harbor County."

The new plant will be constructed on a site next to terminated nuclear plant projects. While the nuclear plants were never operational, the new plant will use some of the site facilities associated with the partially completed plants, such as the electric transmission and water systems, Duke said.

Duke/Fluor Daniel will build the facility and work closely with local labor unions to complete the project. A peak work force of approximately 500 skilled workers will be employed during the construction. When complete, the facility will employ about 25 operation and maintenance professionals, the company said.

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