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

Palo Verde Unit 2 Down for Control Repairs

LCG, Oct. 11, 2001--Arizona Public Service Co. yesterday shut down its 1,270 megawatt Palo Verde Unit 2 nuclear power plant for repairs to its control system, characterizing the shutdown as "unscheduled maintenance."

During a scheduled 35-day refueling shutdown of Unit 3 beginning September 29, operators identified degradation of the control systems. Because Unit 3 is an identical twin of Unit 2, the latter unit was shut down as a preventive measure yesterday.

APS said the work could take up to a month to complete.

"Replacement activities in Units 2 and 3 will not impact the schedule for Unit 3's refueling, which is expected to be complete in early November," APS said.

The control assemblies of 1,270 megawatt Unit 1 at Palo Verde were changed during a refueling outage earlier this year, the company said.

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