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

BC Gas to Buy Westcoast Energy's Centra Gas

LCG, Oct. 22, 2001--BC Gas Inc. has entered into an agreement to acquire the common shares of Centra Gas British Columbia Inc. and Centra Gas Whistler Inc. from Westcoast Energy Inc. for $208 million ($131 million U.S.), Canada NewsWire reported this morning.

Westcoast, which is being acquired by Duke Energy Corp. for $3.5 billion, also said this morning it would sell its energy services unit to the city of Edmonton's Epcor Utilities Inc.

John Reid, chief executive of BC Gas, said "Centra Gas has excellent growth potential, including the expansion of natural gas service to residential and commercial customers and the opportunity to service gas-fired electricity generating plants on Vancouver Island."

The deal gives BC Gas control of all Centra Gas's Vancouver Island and Sunshine Coast assets, including 382 miles of high-pressure transmission mains and close to 2,000 miles of intermediate-pressure transmission and distribution mains. Centra Gas currently provides natural gas to 70,000 homes and businesses and seven pulp mills on Vancouver Island and the Sunshine Coast.

Epcor's purchase of Westcoast's wholly owned Union Energy will add more than 900,000 customers, mainly in Ontario, to its existing customer base and create one of Canada's largest providers of energy and energy related services, the company said in a statement.

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