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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

TVA Announces Transmission Agreements

LCG, Apr. 19, 2002--The Tennessee Valley Authority and neighboring transmission operators in the Southeast and Midwest have reached agreements on integrated operation of their grids, the government agency said Wednesday.

The Midwest Independent System Operator, and the utilities Southern Co. and Entergy Corp. have been involved in the talks. The TVA manages a transmission system spanning seven states, and by developing common procedures and rules with surrounding areas, it will assist in the promotion of large regional transmission organizations (RTO's), proposals for which are required by the Federal Energy Regulatory Commission. RTO's are intended to make transmission access open and competitive.

While the TVA itself cannot belong to an RTO, its announcement indicates the possibility of tighter integration between the southeast and the Pennsylvania-Jersey-Maryland Interconection, or PJM. Jim Torgerson, president and chief exceutive of the Midwest ISO (MISO), which has a pending agreement with PJM, said the MISO's negotiations with TVA will advance the prospect of a large market throughout the eastern part of the country. Torgerson said, "we'll have a large and robust market, and it will mitigate market power."
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