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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

Four CA Energy Contracts Settled

LCG, July 16, 2002-The Federal Energy Regulatory Commission and various energy companies have reportedly reached settlements regarding long-term electricity contracts.

According to FERC Administrative Law Judge Curtis Wagner, California officials and energy companies have come to four settlements, and other contracts are under negotiation. The settled contracts have yet to be written up and signed.

Discussions over contracts will continue for the next three weeks, and a settlement conference will occur on August 5 and 6 in Washington, D.C.

Although the names of those involved in the specific four settlements have not been released, negotiation has been ongoing between the California Department of Water Resources and energy companies including Sempra Energy, Dynegy, Williams Cos., Mirant, and Allegheny Energy.

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