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

Sale of Brazil Utility Copel Delayed

LCG, Oct. 31, 2001--The government of the state of Parana in Brazil yesterday postponed today's privatization sale of 88.64 percent of its Companhia Paranense de Energia (Copel) because none of the qualified bidders had deposited financial guarantees.

The Parana state government said in a news release that a new sale date would be established as soon as legal conditions are met and a state official said that could be as soon as November 12. In its statement, Parana said the new deadline for financial guarantees would be November 6.

Not everyone saw the delay as a bad thing. "There is more time now for companies to unite in consortiums," said Andre Segadilha, a Brazilian electricity sector analyst. The postponement will also give the state of Parana time to deal with two court injunctions blocking the sale.

One company -- Brazilian mining giant Vale do Rio Doce -- said it would drop out of a consortium with the industrial firm Votorantim, but it was unknown whether the latter would proceed alone or try to find another partner.

Belgium's Tractebel remains the leading bidder for Copel.

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