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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

FERC to Decide on Nevada Electricity Contracts

LCG, April 10, 2002--The Federal Energy Regulatory Commission (FERC) will begin to determine whether or not Nevada utilities will be able to cancel some pricey contracts it made last year.

Today FERC will set the date for a hearing, possibly coming to some conclusion by the end of May 2003.

Nevada utilities signed some $400 million worth of long-term forward contracts in 2000 and 2001, a period when western electricity prices were very high.

In December of last year Sierra Pacific Resources Corp., of which Nevada Power is a subsidiary, requested FERC to find specific forward contracts unreasonable and therefore up for renegotiation.

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