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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

Enron Hopes to Build Memphis Plant

LCG, Apr. 9, 2002--A spokesman for Enron said that the company is "early in the development process" for a 500-megawatt, gas-fired peaking plant that would be built near Memphis, Tenn. following the expected completion of a bankruptcy reorganization within a year.

The plant, which would be built in Tennessee Valley Authority's service territory, could require expansion of the transmission system. John Moulton, a spokesman at the TVA, said that it is too early to know whether such investment is necessary. The output of the plant would be sold into the wholesale market.

The plant would be sited in Arlington. Two plants have already been built by Enron in Tennessee prior to its filing for Chapter 11 bankruptcy protection. The plants, which were subsequently sold, started operations in 1999 and 2000.
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