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

China and Pakistan Make Power Plant Deal

LCG, April 30, 2002--China has agreed to develop two thermal plants in Pakistan.

Signed yesterday, the bilateral memorandum provides for two 300-MW coal-fired power plants, amounting to $600 million. Coal for the plants will be derived from the Tharparkar Desert in the province of Sindh.

According to Sindh Minister Dewan Mohammed Yousuf Farooqi, the plants will be completed inside three years.

China's Shenhua Group Co. Ltd. has agreed to build and operate the plants, which will be located in Tharparkar (also known as Thar). Shenhua will assess Thar coal capability by conducting a geological survey, which will reportedly be completed within a year.

According to U.S. Department of Energy, Pakistan has 3 billion metric tons in recoverable coal reserves.

Shenhua is China's top coal producer and the country's third largest exporter.

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