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

Lack of Financing Delays 1,050-Megawatt Redlands, California Expansion

LCG, Apr. 5, 2002--Construction in progress on the Mountainview Power Plant in Redlands, Calif., has been stopped while AES Corp. seeks new sources of financing or a potential buyer for the project.

A company spokesman said that California's recent problems and Enron's collapse have contributed to difficulties in obtaining financing. The state Public Utilities Commission's spokesman Chris Davis said, "we were counting on it for the summer of '03." Davis thinks that as long as other projects proceed according to schedule, the delay at Mountainview, planned at 1,050 megawatts, should not have a major impact on the state.

Layoffs are expected to affect 400 workers who had been employed at the site, according to contractor Bechtel Corp.

Glen Davis, a senior vice president of AES Pacific, said of the financial community, "they are reluctant to fund new power generators and want to see how the California situation is played out. It's a combination of a volatile market and changes in rules by government."
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