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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

Enron's Indian Plant Has Offer of Power Purchase

LCG, July 10, 2002--With the possibility that impatient lenders will seize the assets represented by the Dabhol power plant in the state of Maharashtra, India, the Maharashtra State Electricity Board made an offer to pay for half the output of the idled plant.

The offer was significantly lower than the rate that was first charged when the first, 740-megawatt phase of Dabhol, developed by Enron Corp., began operating in May 1999. Disputes over payment reportedly resulted in $240 million in payments becoming overdue, followed by the closure of the plant a year ago just as the second, 1,444-megawatt phase was ready to be completed.

The lead creditor to Dabhol is the Industrial Development Bank of India, which had made an inquiry of the state government on whether the state would authorize renewed payments. No word has yet been released on whether the offer for half of the 740-megawatt unit's capacity will be accepted.
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