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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

Entergy May Build Nuke

LCG, April 17, 2002--Entergy Nuclear, a subsidiary of Entergy Corp. in New Orleans, is contemplating building a new nuclear plant.

After the 1979 Three Mile Island accident, the nuclear plant building industry has been almost nonexistent, but recently companies have expressed interest in building new plants.

Entergy has told the Nuclear Regulatory Commission that it intends to request an "early site permit." The company says that a nuclear plant is economically feasible when natural gas costs over $5 per MBTU.

Natural gas is about $3 per MBTU right now, although it was as high as $10 per MBTU last year in some places.

Entergy has studied its pre-existing plants in hopes of finding the optimum location, perhaps Port Gibson, Mississippi. Applying for a new plant will cost $9 million and take a year to arrange; the application fee alone is $5.4 million.

However, the U.S. Department of Energy has already offered to pay half of the costs.

Entergy has several nuclear generators already, including reactors at Waterford III near Hahnville, River Bend near St.Francisville, and Port Gibson. The corporation says it will take three years to determine whether it will build a new plant.

Two other companies have begun the permit application process as well; Chicago's Exelon utility began on March 20, and Richmond, VA-based Dominion Resources began in early April.

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