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

Earth Day Inspires Bush to Limit Emissions

LCG, April 22, 2002-Today President Bush went to the Adirondacks, wielded an axe, and spoke favorably of limitations on power plant emissions.

Speaking from the snow-covered mountains, Bush asserted that his "Clear Skies" plan will accomplish more that any prior legislation, specifically the 1990 Clean Air Act.

"Clear Skies" will set limits on total industry output of three specific pollutants: sulfur dioxide, which causes acid rain, nitrogen oxide, contributing to smog, and mercury, a contaminant in water that ends up in fish eaten by humans. Companies will have the freedom to work out how to achieve the national limits by earning and trading credits.

Al Gore has spoken out against Bush's plan repeatedly, asserting that setting a limit on total pollution will eventually permit greater emission than is presently legal.

Environmental groups insist that "Clear Skies" will be a step in the wrong direction, although the Environmental Protection Agency, also under scrutiny from environmental groups, approves of the plan. Bush used the EPA's acid rain reduction program as a model for "Clear Skies." The president's plan only targets power generators and does not set any limits for other industries.

Environmentalists worry that already clean power generators will be able to sell their emissions credits to "dirty" plants, potentially allowing more pollution than before.

Bush's other emissions plan, Global Climate Change, seeks to address the increasingly compelling argument of carbon dioxide-induced global warming. The plan sets limits on "emissions intensity" of CO2. This term is misleading, as it measures emissions over gross domestic product, a constantly increasing entity. Even if the fraction as a whole ("emissions intensity") is fixed, the denominator (gross domestic product) is increasing daily, and therefore the numerator (emissions) can increase daily along with it.

According to the New York Times, Bush said, "for [Laura and I], every day is Earth DayIf you own your own land, every day is Earth Day."

In celebration of Earth Day, Bush also took a moment to participate in some trail maintenance in the snow, driving a nail into a log with the back of an axe. As a result of acid rain 500 to 700 area lakes are too contaminated to sustain native fish and plants, according to the Adirondack Council's estimates.

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