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

Signs Good for California Summer Power Supply

LCG, Apr. 9, 2002--New power plants, better hydro conditions and continued conservation should allow Californians to worry less about rolling blackouts during the coming summer, according to the California Energy Commission.

The commission will release a report later this month that describes a power supply situation much improved from that of last year. In 2001, hydro reservoirs were at low levels throughout the Western U.S., and a number of planned power plants were either in the permitting process or still under construction. For now, the executive director of the CEC, Steve Larson, says "summer looks pretty good."

One reaction to 2001's power crisis seems to be a lingering commitment to lower power usage by consumers. A survey conducted by the Sacramento Municipal Utility District led it to predict that half of the reduction in consumption that took place last year will be permanent. This is approximately the amount of conservation needed to pull through even an unusually hot summer. Larson was quoted in the Sacramento Bee: "I think the commitment is so strong in the state not to have blackouts that we won't have blackouts."

The Independent System Operator, operator of the California grid, is looking to enroll participants in a "negawatt" program, which would allow the ISO to reduce demand by up to 500 megawatts when needed in return for payments or price incentives. SMUD is one utility that has a similar program in place.
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