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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

US Senators Protest FERC’s El Paso Pipeline Reallocation

LCG, April 15, 2002On Tuesday the Federal Energy Regulatory Commission (FERC) will discuss reallocating El Paso Corp.s pipeline capacity, and, subsequently, four U.S. Senators have written FERC in protest.

FERCs Tuesday conference will address a proposal altering El Pasos current allocation of capacity, which was previously determined in a 1996 agreement.

Shippers complaints regarding capacity limitations on pipelines to Southern California have instigated the conference. In question are two pipelines, capable of carrying 3.3 billion cubic feet per day and connecting the California-Arizona border with production in New Mexico, Texas, and Arizona.

Republican Senators Pete Domenici, NM, Jon Kyl, AZ, Don Nickles, OK, and Larry Craig, ID, sent a letter to FERC Chairman Pat Wood III, contesting the plans on the basis that changes in the pipeline would lead to increased gas prices in New Mexico and Arizona. The two southwestern states are assured of all gas needs according the current contracts, and under the proposed plan they would have to buy on the spot market when demand exceeds the summer demand level.

FERC staff suggested limiting New Mexico and Arizona guaranteed gas supply to the level of their summer demands, which they insist will allow El Pasos system more scope.

El Pasos system is the largest interstate gas supplier to California, and many accuse limitations on capacity for the high prices of natural gas in 200 and 2001.

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