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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

Allegheny Energy Reduces Outlays

LCG, July 8, 2002--Allegheny Energy is scaling back its power generation development activity, and will reduce its payroll by 10 percent, with most reductions to take place by the end of the year.

The company, which has customers in Maryland, Ohio, Pennsylvania, Virginia and West Virginia, will not construct a new plant in La Paz, Ariz., as was planned. Additionally, an 88-megawatt plant that was to be built in St. Joseph, Ind. will not proceed. Job reductions will number about 600 including early retirements.

The company's chairman, Allen J. Noia, commented on the need to respond with "prudent and decisive actions" in the face of lower-than-expected wholesale energy prices, low weather-related demand, and the substantial decrease in energy trading, to which the company made substantial commitments in 2001.
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