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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

China's Hangzhou Moves to Natural Gas

LCG, April 1, 2002-Hangzhou, the capital of China's eastern province Zhejiang, announced it will switch from coal to natural gas in an attempt to clean up its air.

In 1999, according to the World Resources Institute, China had nine of the world's ten most air-polluted cities. Beijing alone burns millions of tons of coal annually. The Chinese government has recently been making attempts to clean up the air, adopting policies such as "Cleaner Production" in 2001 and reducing coal use.

The city of Hangzhou, with almost 9 million residents and a population density in some areas of over 18,000 people per square kilometer, has chosen to use natural gas and a "natural gas substitute" that will replace coal and liquid gas use and burn much more cleanly.

The substitute consists of a combination of liquid gas and air and is reportedly the same as natural gas, according to Party Secretary of Hangzhou Gas Company, Sun Qiqiang.

Like many Chinese cities, some eighty percent of the city's energy, and much of its air pollution, comes from coal.

Gas would come from a controversial pipeline connecting eastern and western China and planned to be in service by the end of 2003.

"It is part of the city's tremendous effort to clean the environment and to make this worldly famous tourism city more beautiful," said the basic industry office director Xia Xiaoling, as reported by China Daily.

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