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

Senate to Vote on Hydroelectric Amendment

LCG, April 23, 2002-The United States Senate will vote on a proposal which may alter the hydropower licensing process.

Senators Benjamin Nelson, D-NE, Larry Craig, R-ID, and Gordon Smith, R-OR presented the amendment as a part of the larger energy bill currently making its way through Congress.

The hydroelectric industry does not like the current licensing procedure, contending that federal law favors environmental concerns over economic gains.

Current law gives federal agencies the ability to impose limitations in order to protect endangered species and wildlife habitat.

The Nelson amendment allows power companies to propose more economical ways to meet environmental standards. Beyond this, federal agencies would be forced to accept the power companys' proposals if they complied with environmental conditions and provided more electricity or cost less.

Nelson uses Central Nebraska Public Power District to exemplify his cause. Its Kingsley Dam project had to wait 14 years to finish being re-licensed, at a cost of $40 million.
Last year's energy bill includes all participants, such as Native American tribes, recreational interests, environmentalists, and the U.S. Fish and Wildlife Service, and lets all parties into the decision-making process at the same level. The Nelson amendment would give industry parties the advantage over other interests.

Nelson expects the Senate to vote on his measure this week.

Hydropower comprises between 8 and 12 percent of electric capacity in the U.S.

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