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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

CA PUC Allows 26 Percent Sierra Pacific Rate Increase

LCG, July 17, 2002-The California Public Utilities Commission has allowed Sierra Pacific Resources to increase rates to retail customers by 26 percent.

The rate increase is intended to pay for the cost of 2002 wholesale power, and Sierra Pacific was allowed an 18 percent increase to its Nevada customers in February.
Sierra Pacific Power, along with sister utility Nevada Power, has been trying to overcome financial problems brought on by high wholesale electricity prices.

Sierra Pacific serves 310,000 customers, 44,500 of whom live in California.

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