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

Long Island Power Authority Plans 10 Small Peakers

LCG, Oct. 16, 2001--The Long Island Power Authority said yesterday it plans to build 10 small electric "peaking" power plants in Nassau and Suffolk Counties, N.Y., that will add 408 megawatts of capacity by next summer.

The program will be similar to that of the New York Power Authority which, despite minor local opposition, built 10 small peakers in New York City and one on Long Island to get the Big Apple through this year's summer demand.

"We have just barely enough power to meet our summer forecast right now," LIPA spokesman Michael Lowndes said, adding "We've been saying for more than a year that we need more power plants on Long Island."

Lowndes said the combustion turbines -- the outgrowth of recent jet engine research -- will be in addition to other LIPA projects. Projects are underway for development of a 44 megawatt facility in Far Rockaway, a 79 megawatt plant in Glenwood Landing and another 79 megawatt plant in Shoreham, all to be on-line by next summer.

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