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

CA Senate Approves Supervision of Plant Operation

LCG, April 15, 2002On Thursday the California Senate approved legislation which, if signed by the governor, may prevent plant operators from pulling generators off-line in order to influence the market.

San Francisco Democrat John Burton proposed the bill, giving the Public Utilities Commission and the Independent System Operator (ISO) the right to create and enforce rules, as well as apply fines to electricity producers. The proposal passed by a 23 to 13 vote.

Last year as many as a third of plants were down for maintenance at select times, and California insists it paid too much, some say twice as much as it should have, for electricity. Republicans worry that further legislation will deter new investment; the Commission already can inspect plants owned by PG&E, Southern California Edison, and San Diego Gas & Electric.

Whether the plants were down for legitimate reasons or not-power companies insist their innocence and say plants ran at an unusually high rate to keep up with demand- the bill only requires Governor Gray Daviss signature to become law.

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