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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

Two Plants Seen Ready for June

LCG, Apr. 25, 2002--Two 550-megawatt, gas-fired power plants are seen as being ready to operate starting in June, according to developer Kinder Morgan.

Williams Cos. will provide natural gas to a plant being developed in Jackson, Mich., and will buy the plant's entire output as part of a tolling agreement with Kinder Morgan. The plant is owned by financial services firm CIT, which is part of Tyco International. The plant is expected to be operating at the end of June.

The other plant is sited near Little Rock, Ark., and will be owned and operated by Mirant Corp., which will provide natural gas and sell the plant's output. The Arkansas-based plant is expected to begin operations on June 1.

Both plants will utilize a design that is meant to achieve the fuel efficiency of a combined-cycle power plant, and the quick start-up times of a simple-cycle peaking plant. Combined-cycle plants capture the waste heat from burning fuel in order to heat steam to provide additional energy to drive a turbine, whereas waste heat is otherwise dispersed without contributing to power generation. A simple-cycle peaking plant is an internal combustion engine that can achieve maximum output in less time than a steam turbine or traditional combined-cycle configuration.
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