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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

Ballot Initiative Scheduled on Takeover of Nevada Power

LCG, July 3, 2002--Commissioners for Nevada's Clark County voted yesterday to include a nonbinding ballot initiative in November elections that could lead to Nevada Power being subject to a municipal takeover.

The question to appear reads, "Should the Nevada Legislature take appropriate action to enable the electrical energy provider for Southern Nevada to be a locally controlled, not-fo-profit public utility?" A takeover would not be possible without a change in the law being enacted by the Nevada Legislature.

A Nevada Power spokeswoman, Andrea Smith, said the company would probably fight the ballot initiative, while the Las Vegas Chamber of Commerce said it opposed the ballot iniative on philosphical grounds.

Commissioners expressed disagreement over the timing of a ballot initiative. Bruce Woodbury, who cast the single dissenting vote, noted that prior to the vote, a ballot initiative had always been preceded by a study of the issue at hand. One reason for the lack of support for a study among Commissioners voting in support of the initiative may have been the possibility that the Legislature could renew a law that requires Nevada Power give approval to a municipal takeover.

Commissioner Myrna Williams said a study would take two to four years, and indicated that she thought rates could decline if a takeover took place. Commissioner Woodbury said that several issues were open to question, including effects on property tax revenues, the means by which a takeover would occur, and whether rates would in fact go down.
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