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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

Newsmakers

Mark D. Abkowitz has been appointed to a four-year term on the Nuclear Waste Technical Review Board by President Bush. Abkowitz, the founder and chairman of Visual Risk Technologies (VRT), a risk management software firm headquartered in Nashville, is a professor of Civil and Environmental Engineering at Vanderbilt University. As a member of the 11-member Board, he will be principally reponsible for issues regarding the transportation of nuclear waste. Abkowitz is the Director of the Vanderbilt Center for Environmental Management Studies and served as Chairman of the National Academy of Sciences, Transportation Research Board Committee on Hazardous Materials Transport. The Nuclear Waste Technical Review Board was created by Congress to review the Department of Energy's activities relating to management and disposal of waste produced at civilian nuclear reactors.

Edison Mission Energy (EME), an Edison International Company, announced that Thomas R. McDaniel, president and CEO of Edison Capital (EC), will become president and CEO of EME. He succeeds William J. Heller, who has resigned from these EME positions effective July 31. McDaniel will continue as CEO of EC. Ashraf T. Dajani, now senior vice president of EC, will become President and CEO of that company. McDaniel founded EC in 1987, in which he served as president and CEO since its inception. He joined South California Edison in 1971 in the engineering department, holding senior management positions in finance and operations. Dajani joined EC in 1995, having come from the Burns & Roe Group of Companies, where he ascended to the position of senior vice president and CEO. Heller, who had previously headed EME's London office, will he pursue opportunities in the energy and energy consulting business.

Several vice presidents within Anadarko Petroleum Corp. are being rotated within the company. Rex Alman, now senior vice president for domestic operations, will become senior vice president, Algeria, and moves to Anadarko's office in Uxbridge, England. Tony Meyer, who has been head of Algeria operations, will now be vice president, international & Alaska operations. Meyer will transfer to Houston. He is succeeding Mark Pease, who will replace Alman, and will be responsible for domestic operations.

James E. Bostic, Jr. has been elected as a new director on the board of Progress Energy, a diversified holding company that claims Carolina Power & Light (CP&L) and Florida Power as part of its portfolio. Bostic is executive vice president, Environmental, Government Affairs and Communications, for Georgia-Pacific Corp., of Atlanta, Georgia.

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