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

Federal Court Supports Deregulation of Gas-Pipeline

LCG, April 8, 2002-On Friday the United States Court of Appeals upheld the deregulation of the U.S. natural-gas pipeline.

In February of 2000, FERC, the Federal Energy Regulatory Commission paused the regulation of prices for capacity allocations shorter than one year. The two and a half year trial deregulation was alleged by some Californian officials and gas customers to have led to California's increased natural gas and electricity prices last year and in 2000.

The three-panel court ruled that FERC acted responsibly in issuing its 2000 order (637) and found that the "brief spikes in moments of extreme exigency are completely consistent with competition, reflecting scarcity rather than monopoly," as written in the court opinion.

Four pipeline companies had also filed claims insisting that the FERC order did not deregulate enough, limiting prices, but the Court of Appeals ruled against them as well.

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