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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

Nevada Indians Close to Agreement on Power Plant

LCG, Oct. 29, 2001--The Moapa group of Paiute Indians in southern Nevada say they are ready to concede use of some water from the Muddy River to provide cooling for a $600 million, 760 megawatt power plant Calpine Corp. wants to build on their reservation.

In a three-way deal, the tribe would also give up a claim to all water rights regarding the muddy River, allowing the Las Vegas Valley Water District to use the water to support urban expansion in Las Vegas.

Calpine said it believed it could begin construction of the power plant in June, with commercial operation beginning in the summer of 2004. And Las Vegas Valley Water District was also optimistic.

"We have what we hope is a deal," water district deputy general manager David Donnelly said. "There's still a few details to work out, but we're very optimistic."

The Moapa Paiute reservation is located about 40 miles northeast of Las Vegas, just north of an arm of lake mead. The only economic activity appears to be a small fireworks and cigarette stand on Interstate 15, a highway that connects Las Vegas and Cedar City in southwestern Utah.

The power plant could inject $200 million into the reservation economy over 45 years, the expected life of the facility, according to tribal officials. But the tribe's lawyer, Steve Chestnut, says the "tribe will make significantly more than that. I think they've made a very good deal, and I think it would change in a favorable way the economic condition of the tribe."

The state of Nevada will have its say in whether the deal can move forward, because Nevada water is considered state property. The state engineer will have to allow the tribe to sell the water to Calpine.

The National Park Service also has a hand in the negotiations. The agency is concerned that pumping on the reservation could deplete springs that feed sensitive areas around Lake Mead.

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