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

Illinois' First Wind Farm Would Produce for Chicago

LCG, July 2, 2002--Development of a 34-turbine wind farm is foreseen 110 miles west of Chicago, and would provide the Windy City with a portion of up to 51 megawatts of power.

ComEd, which is hoping to bring the farm online by the middle of 2003, would use the entire output for its own customers. With Chicago as one of a number of potential customers, city officials intend to advance the city goal of meeting 20 percent of power requirements through renewable resources within five years. Environment Commissioner Marcia Jimenez said, "We expected some kind of mix that will include solar, landfill gas and hydropower as well."

Besides ComEd, Illinois Wind Energy and Tomen Power Corp. would also have ownership stakes in the installation, which would be the largest such facility east of the Mississippi. It will be spread over 20 acres in Burea County, which experiences average wind speeds of 17 mph.
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