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

Uranium Company to Construct $1.1 Billion Enrichment Facility

LCG, July 22, 2002-Canadian uranium producer Cameco Corporation has signed an agreement with several energy companies and utilities to construct a enrichment facility to provide uranium to the United States.

Nuclear plant owners Clairborne Energy Services, Entergy Louisiana, and Exelon Generation will join Westinghouse Electric and Urenco Ltd. in Cameco's plans.

U.S. regulators have begun assessing the project, although the plant has no official location as yet.

Cameco holds 20 percent in the project and will increase its holdings to 25 percent if and when the U.S. Nuclear Regulatory Commission gives the project license to proceed.

The United States is the largest uranium consumer in the world.

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