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

U.S. Senate Limits Debate on Energy Bill

LCG, April 23, 2002-The Senate voted 86-13 today to discontinue debate on the energy bill that has been pending for over a month.

A final vote on the energy reform bill may come as early as this week.

Reforms still waiting to be debated include hydroelectric licensing changes, ethanol, and tax breaks for environmentally sound energy.

California and New York senators resisted limiting debate, especially in reference to upcoming discussion of ethanol use.

So far the bill incorporates $3.3 billion for renewable energy production, $4.5 billion for domestic oil and natural gas, and $2.1 billion for hybrid and fuel cell driven devices, buildings and cars, and $2.4 billion for energy efficiency and conservation.

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