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

California Attorney General Files Suit Against Four Power Companies

LCG, April 10, 2002-Once again, California's Attorney General Bill Lockyer has filed suit against energy companies, this time for alleged profiteering.

Lockyer sued Mirant Corp., Williams Cos Inc., Coral Power, and Powerex Corp. for over $1 billion, accusing companies of "charging unjust, unreasonable and illegal rates for electricity during California's recent energy crisis."

In March Lockyer sued Mirant, Reliant Energy, Dynergy, and Williams for allegedly selling energy bought for reserve, or "double-billing."

The companies deny the charges, and according to the Associated Press, Mirant spokesman Patrick Dorinson asserted, "Suing energy companies might make great election-year politics, but it makes horrible long-term energy policy."

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