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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

Regulators Okay Two Wisconsin Energy Power Projects

LCG, Oct. 18, 2001--The Wisconsin Public Service Commission has voted to let Milwaukee-based Wisconsin Energy Corp. move ahead with plans to add 2,800 megawatts of new generating capacity at its Port Washington and Oak Creek plants over 10 years, the company said yesterday.

Richard A. Abdoo, Wisconsin Energy chief executive said, "This is a significant first step toward ensuring the growth of new electricity supplies to meet growing demand in our state. A diverse coalition of consumer, industry and labor groups has worked to bring the Power the Future plan to this point, and we are pleased that we can continue to move forward."

State officials say Wisconsin will need more than 7,000 megawatts of new generation in the next 15 years.

The company plans to replace five coal-burning units at its 340 megawatt Port Washington plant with two 500 megawatt gas-fired units. It also will add three 600 megawatt coal-fired units at its 1,157 megawatt Oak Creek plant, bringing plant capacity to 2,957 megawatts at the coal burner.

The modifications to the two plants will cost $3 billion, said Margaret Stanfield, a spokeswoman for the company.

The approvals cover only part of an ambitious plan by Wisconsin Energy to upgrade power plants and spend $2.7 billion on its transmission and distribution systems, and those projects still must be approved by regulators.

Of this week's approvals, company spokesman Mike John said "There was a big step made, but it's only a first step. We still need to be able to prove to the commission that the projects are both needed and cost effective."

There will be opposition to Wisconsin Energy's plans. An attorney for the Midwest Independent Power Suppliers representing 15 independent power producers said "This (order) specifically stated that the commission has not determined that (Wisconsin Energy's) proposal to build these plants over alternatives complies with Wisconsin law."

Freddi Greenberg, a lawyer for the group, warned "We believe it will be very difficult for (the company) to show that it has considered alternatives to the necessary extent without a competitive process."

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