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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

Fitchburg G&E Files Electric Rate Reduction

LCG, Oct. 23, 2001--Unitil Corp. said yesterday that its subsidiary Fitchburg Gas & Electric Light Co. filed compliance tariffs last Friday with the Massachusetts Department of Telecommunications and Energy for an immediate reduction in its electric distribution rates.

If approved, monthly bills for all FG&E electric customers will be reduced for electrical usage on and after October 19. When fully reflected in rates, customers will see reductions of between 0.8 percent and 5.2 percent depending on rate class and usage.

The company said a residential customer using 500 kilowatt-hours of electricity per month will see a reduction of $1.90 on his electric bill.

"These orders resolve various long-standing cases pending before the Department which we are glad to get behind us," said Unitil chief executive Bob Schoenberger.

He added "Going forward, we will evaluate the adequacy of our distribution rates and address any concerns in future rate proceedings. We are committed to continuing our plans for improved service and reliability and additional investment and economic development for FG&E, and we are committed to providing competitive rate levels to our customers."

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