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

Panda, Alliant in 1,100 Megawatt Michigan Project

LCG, Oct. 17, 2001--Panda Energy International Inc. and Alliant Energy Corp. said yesterday they have formed a joint venture to build and operate a 1,100 megawatt natural gas, combined-cycle power plant in western Michigan's Tallmadge Township.

Panda said construction will begin next spring and the plant is scheduled for full commercial operation in early 2004.

Under the joint venture, Panda will lead development while Alliant will provide four natural gas turbines, as well as additional long-lead equipment used to interconnect the facility to the region's power grid. Alliant Energy also brings extensive facility operations experience to the joint venture.

"We have said from the beginning of the Tallmadge project that when it came time to select a joint venture company, we would look for an organization capable of contributing resources and operational experience," said Garry Hubbard, a Panda senior vice president.

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