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

FPL Completes New York City Peaker

LCG, July 8, 2002--A new peaking plant developed by FPL Energy has started selling power to the Long Island Power Authority (LIPA) from the Rockaway Peninsula, just east of the New York City borough of Brooklyn.

The gas-fired Bayswater Energy Center has an installed capacity of 54 megawatts, with construction having begun in December 2001. FPL Energy president Ron Green said, "We're pleased that the Bayswater Energy Center is now fully operational and able to support LIPA's energy needs for the Rockaways just in time to meet increased demand this summer." The plant's output is under long-term contract.

The Rockaway Peninsula is connected by the Cross Bay Veterans Memorial Bridge to the rest of the Queens borough. Cross Bay Boulevard, on the northern span, enters the marshes of Jamaica Bay, which were first developed for residential and recreational use in 1939. An alternative plan would have made the area a huge industrial port.
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