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

Nevadans Testify on Upcoming Yucca Mountain Vote

LCG, Apr 26, 2002--Representatives from Nevada, including Sen. John Ensign, R-Nev., testified yesterday on the use of their state's Yucca Mountain as a destination for nuclear waste before the House Transportation and Infrastructure Committee, charging the Department of Energy with having omitted environmental impact analyses on 54 of 131 sites producing spent nuclear fuel.

DOE officials, when asked about fuel from research reactors at various universities that was not included in Energy Secretary Abraham's official recommendation to President Bush, said that whatever the amount from those 54 facilities might be, it could be described as a "small amount." The report mentioned 131 sites as being among those that would send nuclear fuel to Nevada. Rep. Jim Gibbons, R-Nev., said, "I am told the omission appears to be a blatant violation of the National Environmental Policy Act." A lawsuit is being filed regarding the issue.

The testimony took place as the House Energy Committee voted 41-6 to override Nevada Gov. Kenny Guinn's veto of the DOE recommendation. In order for the plan to store 77,000 tons of nuclear fuel at Yucca Mountain over 24 years, starting in 2010, to proceed, the full House and Senate will need to produce majority votes to override Guinn's veto.

The deputy director of the Yuca Mountain project for the DOE, Lake Barrett, said that transportation of waste to Nevada by road and rail, and perhaps barges, would not pose a great risk to those along the transportation routes. He told representatives, "I can give you the best technical evaluation of what the risks are, and they are very, very low."

The majority-Republican House has necessary votes to override Guinn's veto, while the Democratic Senate is not clearly ready to take the same position. The House should vote on the matter in two weeks.
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